The PPSR Update wizard allows you to update PPSR transactions in bulk; allowing you to Register, Discharge, Amend and Renew Financing Statements.
Additionally the Update Wizard allows you to easily view Security Statements that have errors and therefore will not be sent to the PPSR. The errors can be rectified, the wizard refreshed and the transactions updated.

It is strongly suggested that this wizard is run on a regular basis, i.e. weekly, so that Financing Statements can be renewed before they expire. Once a Financing Statement is expired on the PPSR you cannot renew, amend or discharge it and you will lose your Security over the Collateral.