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.