CITEC Confirm PPSR updates
From 30 January 2012, all personal property security interests in Australia will transition to a single national register when the national Personal Property Securities Register (PPSR) replaces multiple Commonwealth, State and Territory registers.
Table of contents
- 27 January 2012 - PPSR Register Commencement this Monday Jan 30, 2012
- 18 January 2012 - Less than two weeks until Register Commencement Time (RCT)
- 06 January 2012 - Register Commencement Time (RCT) Fast Approaching
- 14 December 2011 - Preparation for the PPS Register
27 January 2012 - PPSR Register Commencement this Monday Jan 30, 2012
We invite you to discover CITEC Confirm's PPSR solution which offers both searching and registrations.
From the CITEC Confirm Main Menu, select the PPSR link. You will be asked to download Microsoft Silverlight, a standard plug-in for your internet browser. This once-off process should take no longer than 30 seconds.
To discover more about CITEC Confirm's solution, see our online demonstrations and training materials.
By default, every client has access to searching. If you require access to registrations or you have any other queries, please contact the CITEC Confirm Service Centre on 1800 773 773 or email us at confirm@citec.com.au.
18 January 2012 - Less than two weeks until Register Commencement Time (RCT)
To ensure your business is prepared for the PPSR, choose CITEC Confirm for all your registration and searching needs.
Why choose CITEC Confirm?
In comparison to PPSR direct (www.ppsr.gov.au) CITEC Confirm offers a number of market leading features to ensure your business saves time when registering and searching for security interests.
| Features | CITEC Confirm | PPSR Direct |
| Automatic input of collateral details based on the selection of business defined contract types. | Yes | No |
| Enhanced searching within your existing registrations and past searches using client references such as customer number or name, collateral or PPSR generated data, without incurring government fees. | Yes | No |
| Ability to bulk upload files for registration or discharge, either manually through the user interface or automatically. | Yes | No |
| Ability to extract data in CSV format from CITEC Confirm for general reporting or to upload to a client's own core system. | Yes | No |
| Status driven transactions showing what stage you are at in the registration process. | Yes | No |
| Real-time navigation is easy. You can start a search, open another tab within our PPSR solution to create a registration and then come back to the original search tab without losing any data or progress. | Yes | No |
| Free pre-validation of organisation ACN/ABN with ASIC, ensuring correct data input prior to search processing. | Yes | No |
| Grantor profiles system saves the details of the Grantor you are registering against for ease of re-use. | Yes | No |
| Ability to set access controls. i.e. have one user create the registration and another review and approve. i.e. allow a user to search the database but not create registrations. |
Yes | No |
| Ability to submit registrations and searches when the provider is offline. Searches and registrations submitted during this time will be stored and automatically processed when the provider is back online. | Yes | No |
| All transactions are billed to your Confirm account/s. | Yes | No |
For further assistance, please contact Customer Service on 1800 773 773 or email confirm@citec.com.au
06 January 2012 - Register Commencement Time (RCT) Fast Approaching
With the Register Commencement Time (RCT) fast approaching CITEC Confirm is working closely with clients to ensure their PPSR registration and search needs are covered.
As a subscriber to CITEC Confirm news and alerts we would like to provide you with an overview of our solution.
We will be releasing our PPSR fees and a full suite of training tools. If you require further assistance before the release please contact our experienced Customer Service Centre on 1800 773 773 or email confirm@citec.com.au.
14 December 2011 - Preparation for the PPS Register
The Attorney General’s office are advising businesses to prepare for the introduction of the PPS Register by following these steps:
- Gather all the agreements you have along with the details of the entities you do business with.
- Ensure all these agreements are up to date and have correct contact details.
- Speak to your advisor who will establish the exact impact of the reform on your business. They will be able to advise what may need to be registered on the PPSR and the impacts and risks on your business if you choose not to register.
- Once you have made these decisions, you may then need to update your documents, register interests you have determined to be personal property security interests on the PPSR and update your business processes with any changes to how you operate.
