Treasury Corporation of Victoria has issued a A$300 million certified green bond, claiming it is the first government based green bond issued in Australia. The bond is certified under the Climate Bonds Standard. The funding must go to infrastructure projects incorporating wind energy, solar, low carbon transport, low carbon buildings or water. ANZ, National Australia Bank and Westpac have been the only other issuers of certified green bonds in Australia, and FlexiGroup has issued green asset-backed securities. Veda estimates that only 15 per cent of Australian businesses are using the Personal Property Securities Register to register their interests and that the majority of businesses that have registered their interests have made errors that might limit or invalidate their rights. Veda said there were only nine million registrations on the PPSR and about half of them were motor vehicles.