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ARTICLE · 03 DECEMBER 2023

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PPSA Reform – Where to from here?

Cathro & Partners
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Proposed reforms include the adoption of 345 of the Whittaker Review's recommendations and a number of other changes.

AustraliaCorporate/Commercial Law
Andrew Blundell
Andrew Blundell
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On 22 September 2023, the Attorney-General announced the Australian Government's response to the Final Report of the 2015 statutory review of the Personal Property Securities Act 2009 (the Whittaker Review). The Whittaker Review made 394 recommendations with the overarching objective of simplifying the personal property securities (PPS) framework. The proposed changes include the adoption of 345 of the review's recommendations and a number of additional changes.

Public consultation in relation to the government's response, and the proposed changes, opened on 22 September 2023 and recently closed on 17 November 2023.

Given the raft of recommendations and the proposed changes, reviewing, considering, and forming a view on these was not a small task in such a short time frame.

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