Wanting to buy a JDM car in the future but there is a couple of issues

[silviaz]

22 hours ago, Ben C34 said:

Rego papers aren't proof of ownership. Pretty sure it says it on them

 

Oh yep just checked and it says that. So looks like according to Fair Trading a written receipt is proof that I'm the owner of the car.

[R33GAS]

5 hours ago, silviaz said:

I found out for the PPSR stuff, that finance companies don't need to list the finance on the security register so there's the risk you could buy a car that doesn't have the finance listed lol. 

If the finance company has not registered their security interest on the PPSR, then they do not have a valid/enforceable security interest. Similarly, an incorrect VIN (let's say, one number or letter was entered incorrectly at time of security interest registration), means that the vehicle registration is unperfected and therefore ineffective.