Footnotes
Chapter 2
[1]
The Hon. Attorney‑General Robert McLelland MP, Personal Property
Securities (Consequential Amendments) Bill 2009, Second Reading Speech, Proof
Parliamentary Debates 21 October 2009, p. 13.
[2]
See, for example, Senator Crossin, Committee Hansard, 10 November
2009, p. 3.
[3]
For example, the Australian Bankers' Association, Submission 4,
pp 1 to 3, comments favourably on the intellectual property and the maritime
consequential amendments. In addition, the Insolvency Practitioners Association
sees 'no problems' with the proposed amendments to the Bankruptcy Act 1966:
Submission 5, p. 1.
[4]
Government Response to the Senate Committee on Legal and
Constitutional Affairs Inquiry into the Personal Property Securities Bill 2009
[Provisions], tabled 21 October 2009, p. 1.
[5]
Clayton Utz, Submission 9, covering letter, p. 1. The
combined submission of Allens Arthur Robinson, Blake Dawson, Freehills and
Mallesons Stephen Jacques makes a similar point: Submission 10,
p. 1.
[6]
Attorney-General's Department website http://www.ag.gov.au/pps
accessed on 14 November 2009.
[7]
Attorney-General's Department website http://www.ag.gov.au/pps
accessed on 14 November 2009.
[8]
For example, the entries on p.33 Part 2.3 (The Department has noted this
comment) and p.42 section 47(1) (The Bill reflects the intended policy
outcome).
[9]
Mr Glenn, Committee Hansard, 10 November 2009, p. 18.
[10]
Committee Hansard, 10 November 2009, p.3. The Australian Finance
Conference has also consistently supported the policy intention of the reform.
[11]
Allens Arthur Robinson, Blake Dawson, Freehills and Mallesons Stephen
Jacques, Submission 10, p. 2.
[12]
Committee Hansard, 10 November 2009, p. 2.
[13]
Mr Edwards, Committee Hansard, 10 November 2009, p. 5.
[14]
Committee Hansard, 10 November 2009, p. 12.
[15]
Mr Glenn, Committee Hansard, 10 November 2009, p. 16.
[16]
Committee Hansard, 10 November 2009, p. 15.
[17]
Committee Hansard, 10 November 2009, p. 13.
[18]
Allens Arthur Robinson, Blake Dawson, Freehills and Mallesons Stephen
Jacques, Submission 10, p. 1.
[19]
Committee Hansard, 10 November 2009, p. 12.
[20]
Committee Hansard, 10 November 2009, p. 17.
[21]
Committee Hansard, 10 November 2009, p. 18.
[22]
Mr Patch, Committee Hansard, 10 November 2009, p. 19.
[23]
Committee Hansard, 10 November 2009, p. 19.
[24]
Attorney-General's Department, Additional Information, 12 November
2009, p. 1.
[25]
Attorney-General's Department, Additional Information, 12 November
2009, p. 1.
[26]
Attorney-General's Department, Additional Information, 12 November
2009, p. 1.
[27]
Attorney-General's Department, Additional Information, 12 November
2009, p. 1.
[28]
Attorney-General's Department, Additional Information, 12 November
2009, p. 2.
[29]
Committee Hansard, 10 November 2009, p. 19.
[30]
Committee Hansard, 10 November 2009, p. 4.
Chapter 3 - Specific issues
[1]
Mr Bills, Committee Hansard, 10 November 2009, p. 5.
[2]
The relevant provision is in proposed Division 3- Priority of purchase
money security interests, section 62 of the Personal Property Securities Bill
2009.
[3]
Australian Finance Conference, Submission 8, p. 2. For a detailed
explanation of this issue see Submission 8, pp 1 to 4.
[4]
Australian Finance Conference, Submission 8, p. 2.
[5]
Australian Finance Conference, Submission 8, p. 3.
[6]
Committee Hansard, 10 November 2009, p. 20.
[7]
Australian Finance Conference, Submission 8, p. 3.
[8]
Australian Finance Conference, Submission 8, p. 2.
[9]
Australian Finance Conference, Submission 8, p. 1.
[10]
Australian Finance Conference, Submission 8, p. 4.
[11]
Committee Hansard, 10 November 2009, p. 23.
[12]
Mr Glenn, Committee Hansard, 10 November 2009, p. 23.
[13]
Paragraph 14(2)(c).
[14]
Piper Alderman, Submission 1, p. 1.
[15]
For the Australian Finance Conference view see Committee Hansard,
10 November 2009, p. 7 and the combined view of Allens Arthur Robinson, Blake
Dawson, Freehills and Mallesons Stephen Jacques is discussed at: Committee
Hansard, 10 November 2009, p. 12.
[16]
Mr Patch, Committee Hansard, 10 November 2009, p. 18.
[17]
Mr Patch, Committee Hansard, 10 November 2009, p. 17.
[18]
Attorney‑General's Department, Personal Property Securities Bill
2009 Comments and Responses Table - All, entry for clause 14(2)(c), p. 27.
[19]
Personal Property Securities (Consequential Amendments) Bill 2009, Explantory
Memorandum, p. 27.
[20]
For example, see the evidence of Mr Whittaker, Committee Hansard,
10 November 2009, p. 14.
[21]
Committee Hansard, 10 November 2009, p. 21.
[22]
Allens Arthur Robinson, Blake Dawson, Freehills, Mallesons Stephen
Jacques, Additional Information, 16 November 2009, p. 1.
[23]
Committee Hansard, 10 November 2009, p. 12. Piper Alderman also
expresses concern about this: Submission 1, pp 1 and 2.
[24]
Mr Patch, Committee Hansard, 10 November 2009, p. 17. See also, for
example, Clayton Utz, Submission 9, p. 5.
[25]
Mr Loxton, Committee Hansard, 10 November 2009, pp 13 and 14.
[26]
Committee Hansard, 10 November 2009, p. 23.
[27]
Allens Arthur Robinson, Blake Dawson, Freehills and Mallesons Stephen
Jacques, Supplementary Submission, 23 November 2009.
[28]
See generally Answers to Questions on Notice provided by the
Attorney‑General's Department 18 November 2009, and see p. 5 in
relation to the comparison with the New Zealand provisions.
[29]
Answers to Questions on Notice provided by the Attorney‑General's
Department 18 November 2009, pp 4 and 5.
[30]
Recommendation 1, Exposure draft of the Personal Property Securities
Bill 2008, Senate Legal and Constitutional Affairs Committee, March 2009,
p. 29.
[31]
Mr Loxton, Committee Hansard, 10 November 2009, p. 15. See also,
for example, Clayton Utz, Submission 9, covering letter, p. 1.
[32]
Mr Loxton, Committee Hansard, 10 November 2009, p. 15. Clayton Utz
also supports this approach: Submission 9, covering letter, p. 1.
[33]
Mr Glenn, Committee Hansard, 10 November 2009, p. 19.
[34]
Mr Glenn, Committee Hansard, 10 November 2009, p. 16.
[35]
Office of the Privacy Commissioner, Submission 2, p. 1.
[36]
Office of the Victorian Privacy Commissioner, Submission 3,
pp 1 and 2.
[37]
Office of the Victorian Privacy Commissioner, Submission 3,
p. 2.
[38]
Office of the Victorian Privacy Commissioner, Submission 3,
pp 2 and 3.
[39]
Australian Securitisation Conference, Submission 7.
[40]
Clayton Utz, Submission 9, covering letter, p. 1.
[41]
Clayton Utz, Submission 9, pp 1 to 7.
[42]
Allens Arthur Robinson, Blake Dawson, Freehills and Mallesons Stephen
Jacques, Submission 10, p. 1.
[43]
Allens Arthur Robinson, Blake Dawson, Freehills and Mallesons Stephen
Jacques, Submission 10, schedules 1 to 3, pp 1 to 8.