Amending a Secured Transaction

A user with agent authority or secured party authority may amend the secured transaction details.

The “Notice of Amendment” service is accessed from a menu while viewing the secured transaction.

During the amendment service:

  • new secured parties can be added – they will have the same lapse date as the overall transaction registration
  • existing active secured parties can be updated – but not their start date or lapse date
  • new debtors can be added
  • existing active debtors can be edited – but not their start date
  • existing active debtors can be ceased
  • new collateral can be added
  • existing active collateral can be edited
  • existing active collateral can be released.

For an illustrated step by step guide to registering, maintaining and searching the PPSA register please download the PPSR User Guide.

 

To Amend a secured transaction:

  1. Login and then select a secured transaction from your “My Items” tab on your dashboard
  2. Click Maintain Services / Notice of Amendment
  3. Click on the “Secured Parties” tab
    Note the add and edit functionality
  4. Click on the “Debtors” tab
    Note the add, edit and cease functionality
  5. Click on the “Collateral” tab
    Note the add, edit and release functionality