How to apply for Find and Claim The Personal Property Securities Act 2009 (Cth) provides for a process of data migration, whereby security interests on certain existing registers (Migrating Registers) will be migrated to the Personal Property Securities Register (PPSR). The PPSR has new rules about how the details of secured parties, grantors, and collateral, are recorded on it. This will mean that the information coming across from Migrating Registers may not be presented in the same way. As part of the data migration exercise, there will be a „Find and Claim‟ process to enable secured parties to find and claim their migrated secured party groups (SPG) so that the associated registrations can be transferred to a new SPG (target SPG) on the PPSR which has the correct details – in particular, the correct address for service to which various notifications are sent from PPSR. Following the registration commencement time, account customers who have the role „F&C – Access post-RCT Find & Claim catalogue‟ may find and claim their migrated SPGs. Accounts are not assigned this role at the time the account is set up. Account customers seeking to find and claim their migrated secured party groups, must first apply to the ITSA National Service Centre (NSC) to have the role assigned to their account. An account customer should apply via email to [email protected]. The email should be sent from the Account Administrator of the account, headed „F&C – Access post-RCT Find & Claim catalogue – Acc no. [account no.] application‟ and contain the following information: the account number the name of the account the Account Administrator‟s name, username and email address, and a statement to the effect that the Account Administrator requests that the role “F&C – Access post-RCT Find & Claim catalogue” be assigned to the account. Following receipt of an application, the NSC will assign the role “F&C – Access post-RCT Find & Claim catalogue” to the account and send email confirmation to the Account Administrator. The Account Administrator will then need to assign that role, via a „group‟, to appropriate users of the account. For further information on how to create groups and assign roles please see the „Setting up permissions in a multi-user account‟ fact sheet. Users who have been assigned a group which contains the „F&C – Access post-RCT Find & Claim catalogue‟ role will then be able to search for and claim any unclaimed migrated secured party groups matching their „find‟ criteria. For further information on what to do if your migrated SPG is claimed see the „Find and Claim migrated registration disputed claim procedures‟ fact sheet. Important: Any person who makes a fraudulent claim for a migrated SPG, may be prosecuted under the Criminal Code Act 1995 (Cth) and face a term of imprisonment. FOR MORE INFORMATION Contact the ITSA National Service Centre Phone: 130000PPSR (1300 007 777) Email: [email protected]
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