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Schedule 1—Amendments

Schedule 1 Amendments

   

Personal Property Securities Act 2009

1  Paragraph 13(1)(a)

Omit “one year”, substitute “2 years”.

2  Paragraph 13(1)(b)

Repeal the paragraph.

3  Paragraph 13(1)(c)

Omit “one year” (wherever occurring), substitute “2 years”.

4  Paragraph 13(1)(d)

Omit “one year” (first occurring), substitute “2 years, or a lease for an indefinite term”.

5  Paragraph 13(1)(d)

Omit “one year” (second and third occurring), substitute “2 years”.

6  In the appropriate position in Schedule 1

Insert:

Part 2 Application provision relating to the Personal Property Securities Amendment (PPS Leases) Act 2017

   

3   Application provision relating to the Personal Property Securities Amendment (PPS Leases) Act 2017

                   The amendments of section 13 made by the Personal Property Securities Amendment (PPS Leases) Act 2017 apply in relation to leases or bailments entered into after this section commences.