Search criteria removed
In March 2020, the ability to search for financing statements on the Personal Property Securities Register (PPSR) using the name, job title, or contact details of the person acting on behalf of a debtor organisation, will be removed from both the API and web UI channels. This is due to amendments to the Personal Property Securities Act 1999 (“the Act”).
As a result, the debtor organisation search component in ‘PPSR_02 – Search for financing statements’ will be changed:
personActingOnBehalf object has now been removed from the
searchByDebtorOrganisation search type in the published API definition. This search criteria may still be used until support is fully removed from the API in March 2020. After that time a validation error will be returned for any search that includes
Advance notice is being provided to allow software providers time to remove these search options in their products.
Overseas entities on New Zealand registers
Also changing is the requirement to provide the debtor organisation’s registration number if it is an overseas entity registered in New Zealand. No change to the API behaviour is required for this. Users must ensure that registrations for overseas companies and limited partnerships use the correct values for
debtorOrganisation.organisationType, and in
If the debtor organisation is registered as an overseas company on New Zealand's Overseas Companies Register or is registered as an overseas limited partnership on New Zealand’s Overseas Limited Partnerships Register, the registration number assigned to the organisation on the New Zealand register must be entered in the financing statement.
If the debtor organisation is incorporated overseas and the above does not apply then the debtor organisation type should be 'OTR' ('other') and the incorporation number or registration number assigned to the organisation in its place of incorporation must be entered in the financing statement.
For more information see Changes to the PPSR following amendments to the Personal Property Securities Act 1999.