ARTICLE · 06 APRIL 2010

Personal Property Securities (Corporations & Other Amendments) Bill 2010

DLA Piper Australia

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The Federal Government has released the Personal Property Securities (Corporations and Other Amendments) Bill 2010 (Cth) (2010 Bill) in an effort to finalise all legislative arrangements necessary for the effective operation of the new Personal Property Securities Regime.

AustraliaFinance and Banking

George Marques

Nigel Stranaghan

The Federal Government has released the Personal Property Securities (Corporations and Other Amendments) Bill 2010 (Cth) (2010 Bill) in an effort to finalise all legislative arrangements necessary for the effective operation of the new Personal Property Securities Regime.

The 2010 Bill has been referred to the Legal and Constitutional Affairs Committee for inquiry and report by 12 May 2010. The Committee has called for submissions on the Bill, which will be accepted up to 16 April 2010.

This update summarises the major changes under the 2010 Bill and the challenges and benefits these changes are likely to provide.

What is the 2010 Bill?

The 2010 Bill was introduced into the Commonwealth Parliament on 9 March 2010.

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