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Vehicles Securities Register
The Vehicles Securities Register (VSR) was established in 1987
to provide a record of financial interests
in motor vehicles, motor cycles, trailers and caravans.
When a person borrows money to buy a vehicle, the
lender (financier) may register an interest
in the vehicle with the Vehicles Securities Register. A person whose
vehicle has been used as security over
a loan may not dispose of the vehicle without the permission of
the interest holder.
If a person disposes of the vehicle without permission and then
fails to repay the loan, the interest holder may repossess the vehicle
from the new owner.
If you intend to buy a second hand vehicle privately,
it is advisable to check with the Vehicles Securities Register prior
to purchase.
To obtain a Certificate of Registered Interests,
a fee applies and you must quote
the vehicle’s
- plate number
- engine number
- Vehicle Identification Number (VIN) or Chassis Number.
If you purchase a Certificate of Registered Interests showing no
registered interests and a financier later claims an interest in
the vehicle, the certificate may protect you from repossession of
the vehicle.
The Certificate will provide protection from
repossession if the vehicle is purchased prior to midnight
of the day following the date you purchased the certificate. If
the vehicle purchase is completed after midnight on the day following
the issue of the certificate, the purchaser will not gain any protection
from repossession if a security interest is registered prior to
the purchase.
How to access the Vehicle Securities Register
You can apply for a Certificate of Registered Interests at any
Customer Service Centre
during business hours 9am - 5pm Monday
to Friday.
You can also phone 13 10 84 during the
hours of 8am - 6pm Monday to Friday.
Or your can visit EzyReg Internet service and access the
Vehicle Securities Register online.
Method of payment
You can pay the fee by
- Cash (at Customer Service Centres)
- Cheque (at Customer Service Centres)
- Credit card (Visa, MasterCard)
Financiers and car dealers that are regular users of the Vehicles
Securities Register can have an account
facility.
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Fri 22nd Aug 08
