Personal Property Securities Amendment (PPS Leases) Bill 2017

Type
Government
Portfolio
Attorney-General
Originating house
House of Representatives
Status
Act
Parliament no
45

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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

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

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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