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31-01-2012, 12:44 PM | #1 | ||
Long live the Falcon GT
Join Date: Feb 2008
Location: Victoria
Posts: 1,630
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You can no longer conduct a REVS check or VicRoads security check of a vehicle. As of 30th of January 2012.
http://www.vehiclestatuscheck.vicroads.vic.gov.au/ http://www.revs.nsw.gov.au/ You now need to contact the Personal Property Securities Register for information. http://www.ppsr.gov.au/Pages/ppsr.aspx Hopefully this is a reliable service, though it isn't free anymore...... Anyone got any thoughts/feelings/comments on the PPSR?? Or now the fact you can't easily check out a vehicle's credentials???
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31-01-2012, 01:02 PM | #2 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,927
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PPSR is a pain in the **** for any of us in the finance industry...
Also anyone who has large personal assets that are unencumbered need to put security on them via the PPSR as title does not prove ownership any longer... Its a very grey area. This excludes land and buildings.
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31-01-2012, 01:36 PM | #3 | |||
Long live the Falcon GT
Join Date: Feb 2008
Location: Victoria
Posts: 1,630
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Quote:
I read a little about it, you can put security on things like stock you sell to customer (to cover you between when it is supplied and when the invoice is paid) just incase they go broke in the 30/60/90 day period before the invoice is paid... that way when the administrators come and start clearing everything, you can stake your claim to the stock you sold them... because it was unpaid and on the security register... But of course that ain't free... And what about the vehicles?? Who can verify what you're putting on the register?? It's all very confusing... and there wasn't really any notice on the REVS/VICROADS thing.... As usual, white collar ivory tower sitting government types changing systems to warrant their job.... only to screw the masses / blue collar real world people... At least they're consistant and screwing us....
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31-01-2012, 01:04 PM | #4 | ||
XY Driv3r
Join Date: Jul 2005
Location: Melbourne
Posts: 3,004
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PPSR is even a bigger PITA if you are in the Hire Industry.... Bunch of BS legislation IMHO
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31-01-2012, 01:11 PM | #5 | ||
Fossil fuel consumer
Join Date: Jul 2005
Location: Mod For: Pub, Bar, Sales Yard, Show 'N Shine, Photoshop, AU to BF, FG to FGX, Territory & Sports Bar
Posts: 17,078
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what a crock of crap, i've used that so many times..
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31-01-2012, 01:40 PM | #6 | ||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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At least all the different registries are unified on the one register now!
To be fair, this has already been implemented in NZ and Canada |
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31-01-2012, 02:44 PM | #7 | |||
Former BTIKD
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
IE:How to get more money from Taxpayers to pay for more overseas junkets.
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31-01-2012, 01:52 PM | #8 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
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so now it`s not as user friendly and costs money to use? don`t you just love them
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31-01-2012, 02:51 PM | #9 | ||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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One central registry
OR Separate registers in Vic, NSW, Tas, Qld, SA, WA and NT I know which one is more logical. Like any change, it takes some getting used to. |
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31-01-2012, 02:58 PM | #11 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,927
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Its not just the change of registries though George its the changes in legal statute that come with it... If you own plant and equipment (shown through purchase receipts and registration certificates) a receiver can still sell your equipment on another parties behalf... For example If I'm Coates Hire and I hire you a bobcat on a job site and your company goes into receivership, the receiver will come in and take Coates Bobcat if there is no lean shown on the PPSR, therefore everyone has to go around and register every asset (other then encumbered ones that the bank already have registered) otherwise their assets are open to being sold up.
So not only is there changes in making it a uniform registry but there are changes in the legal statute associated with ownership and proof of ownership. I for one am very afraid of what can possibly come of this, anyone can pretty much get a VIN number and go and register security against any asset, providing no one else already has.... Which means there could potentially be people registering items on the PPSR that they do not legally own prior to them registering.
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31-01-2012, 03:01 PM | #12 | |||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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Quote:
So in your example above, the person who has surreptitously registered an encumbrance against the vehcile by VIN on the PPSR will have to prove his/her case prima facie in court Will love to see that! |
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31-01-2012, 03:04 PM | #13 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,927
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Quote:
I for one would not be keen on having to take a receiver to court to prove that I actually owned a particular asset that hes since sold via auction.
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31-01-2012, 03:08 PM | #14 | |||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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Quote:
So the PPSR is responsible for this? And how exactly was this safeguarded under the old regime? Dont agree with you there - unnecessary scaremongering. Drawing a long bow mate |
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31-01-2012, 03:12 PM | #15 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,927
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Quote:
I can tell you now the likes of all the hire companies are shitting themselves, because unless they list assets on the PPSR they can not prove ownership. I am unsure as to why your suggesting I'm drawing a long bow? this is a serious issue that many companies are faced with trying to rectify as soon as possibly, as per why the PPSR website is broken as theres thousands of people trying to log in and register their assets.
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31-01-2012, 03:17 PM | #16 | |||
Purveyor of filth
Join Date: Oct 2005
Location: Melbourne
Posts: 2,958
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31-01-2012, 03:47 PM | #17 | ||
Petro-sexual
Join Date: Dec 2004
Location: Melbourne
Posts: 4,527
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It seems unnecessarily unsecure if anyone is able to register their own interest in a vehicle, which then has to be proven in court.
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31-01-2012, 04:02 PM | #18 | |||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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31-01-2012, 04:07 PM | #19 | |||
Petro-sexual
Join Date: Dec 2004
Location: Melbourne
Posts: 4,527
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Quote:
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31-01-2012, 04:09 PM | #20 | |||
FF.Com.Au Hardcore
Join Date: Mar 2008
Location: Melbourne
Posts: 10,840
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Quote:
Sure it may happen and it can, but very rarely. Akin to theft / fraud essentially |
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31-01-2012, 04:40 PM | #21 | |||
Regular Member
Join Date: May 2010
Posts: 316
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Quote:
Whilst I agree it doesn't happen every day, I would assume similar administrative errors occur with some degree of frequency. But it's not really that big of a deal, sounds like a bit of a storm in a teacup to get worried about it. |
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31-01-2012, 03:59 PM | #22 | ||
XY Driv3r
Join Date: Jul 2005
Location: Melbourne
Posts: 3,004
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Still yet to understand why this is necessary for the hire and rental industry... ???
Most HRIA members feel the same
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15-03-2013, 09:02 PM | #23 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Canberra Region
Posts: 9,040
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Quote:
Basically if you have a vehicle on long term rent, and the renter goes insolvent, then the vehicle will be regarded as an asset of the renter. This is not an issue with personal renters, but is a serious issue in regards to business renters.
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31-01-2012, 04:09 PM | #24 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: by the beach
Posts: 1,982
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court = $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$
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31-01-2012, 08:18 PM | #25 | ||
Formerly All Wheel Drive
Join Date: Dec 2006
Location: Gold Coast, QLD
Posts: 312
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Wow. More bureaucratic red tape. Are Australia's politicians trying to emulate the Vogons from The Hitchhikers Guide to the Galaxy by being over bureaucratic and creating more and more complicated red tape and fees?
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10-09-2012, 11:46 PM | #26 | ||
Regular Member
Join Date: Jul 2006
Posts: 123
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**** me dead , i have to pay just to check if a car/bike is encumbered , whats this country coming too?? and the comment "to be fair nz and canada have this already" who gives a flying **** about them , if they raise income tax to 80% would you accept it implemented here! i dont think so! bloody joke!
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11-09-2012, 02:39 PM | #27 | |||
Melbourne, Victoria
Join Date: Jul 2005
Location: Campbellfield, Vic
Posts: 4,579
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Quote:
Completely agree with your first point. For someone in the auto industry who regularly purchases cars, its an unnecessary cost and more difficult process to simply check that the car is not stolen, has clear title etc. You would think the government would encourage this as the costs involved when a stolen or financed car change hands are a lot greater! Its yet another case of the government outsourcing something they are responsible for and then forgetting about it. I do however see the advantage of having all states registers combined into one, cars are bought and sold interstate all the time, would hate to buy a car in Vic after checking it is clear, only to sell it to someone in NSW who then claims it is financed in NSW.
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11-09-2012, 04:56 PM | #28 | |||
FF.Com.Au Hardcore
Join Date: May 2010
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11-09-2012, 05:50 PM | #29 | ||
Banned
Join Date: Apr 2010
Location: NSW
Posts: 1,424
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the big thing i will miss is the QLD Vcheck which included PPSR info, but also a full registration history with dates/suburb & speedometer reading each time it passed hands. This is info not many other states gave out if i recall
i didnt care that it was $30 a pop, the info was interesting, especially when you were looking at a "One owner" lovingly cared for car, then with a credit card & internet connection 2 mins later have a report emailed to you showing it was ex-rental, living on the coast, passed across 10 owners in a short period...... stay away!! |
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15-03-2013, 03:51 PM | #30 | ||
Starter Motor
Join Date: Aug 2011
Posts: 10
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wow qld came up with previous reg'd ppl? that would be alright..
The cost is $3.70 we used to be able to do a free check but if you wanted a security certificate it would cost $7 So $3.70 for the same thing isnt going to make you broke is it? You need to ask yourself if $3.70 is too much, should you really be buying that new car? Anyway this includes a nation wide search now, not just state.. Although something rather funny I just quote out of the certificate i just got in the mail.. "Tasmanian stolen vehicle information is currently unavailable from this service. For information about the status of Tasmanian vehicles, go to: http://www.transport.tas.gov.au/pls/...60523886732710 (Note: you will need to provide the vehicle registration plate number to search this site)" lol so they arent part of australia after all? ;) |
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