NEW4.01.00 · Released 29 April 2024
NEWfinPOWER Connect
Released in
4.01.00
29 April 2024
- Opened27 Nov 2023
- Closed8 Jan
- Released29 Apr
Article 20977
Job J032496
PPSR Australia; if ACN is applicable to Grantor the ABN should not be used
A PPSR Registration in Australia should use the Organisation's ACN, if applicable, and not the ABN. This is important as not doing so could make your registration ineffective.
No change was made to finPOWER Connect, as this is the way it works. If the Client Type Class specifies an ACN is valid this is sent as the Grantor's identifier - the ABN is never used.
Note, an Organisation's ACN can be located via the ABN Lookup facility at https://abr.business.gov.au/Search/Index.
For more information see:
- https://www.ppsr.gov.au/registering/you-create-registration/grantors
- https://www.afsa.gov.au/newsroom/pir-newsletter-march-2017 - In the matter of OneSteel Manufacturing Pty Ltd (administrators appointed) [2017] NSWSC 21
- https://hallandwilcox.com.au/thinking/court-confirms-importance-abn-vs-acn-distinction-ppsr-registrations/