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Bills of the current Parliament

Although every effort is made to ensure the accuracy of bills homepages, the authoritative sources for verifying the progress of bills are the House of Representatives Votes and Proceedings and the Journals of the Senate.

Personal Property Securities Amendment (PPS Leases) Bill 2017


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Attorney-General

Summary

Amends the Personal Property Securities Act 2009 to: extend the minimum duration of personal property securities (PPS) leases from more than one year to more than two years; and provide that leases of an indefinite term will not be deemed to be PPS leases unless and until they run for a period of more than two years.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 01/03/17  
Second reading moved 01/03/17  
Second reading debate 28/03/17  
Second reading debate 29/03/17  
Second reading agreed to 29/03/17  
Third reading agreed to 29/03/17  
     
Senate
Introduced and read a first time 29/03/17  
Second reading moved 29/03/17  
Second reading debate 11/05/17  
Second reading agreed to 11/05/17  
Third reading agreed to 11/05/17  
     
Finally passed both Houses 11/05/17  
Assent 19/05/17 Act no: 39 - Year: 2017
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes
  • An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)