2013-2014 

 

The Parliament of the 

Commonwealth of Australia 

 

HOUSE OF REPRESENTATIVES 

 

 

 

 

Presented and read a first time 

 

 

 

 

Personal Property Securities 

Amendment (Deregulatory Measures) 

Bill 2014 

 

No.      , 2014 

 

(Attorney-General) 

 

 

 

A Bill for an Act to amend the Personal Property 

Securities Act 2009, and for related purposes 

   

   

 

 

No.      , 2014 

Personal Property Securities Amendment (Deregulatory Measures) Bill 

2014 

i 

 

Contents 

1 

Short title ........................................................................................... 1

 

2 

Commencement ................................................................................. 1

 

3 

Schedule(s) ........................................................................................ 2

 

Schedule 1--Amendments

 

3

 

Personal Property Securities Act 2009

 

3

 

 

 

 

No.      , 2014 

Personal Property Securities Amendment (Deregulatory Measures) Bill 

2014 

1 

 

A Bill for an Act to amend the Personal Property 

1 

Securities Act 2009, and for related purposes 

2 

The Parliament of Australia enacts: 

3 

1  Short title 

4 

 

  This Act may be cited as the Personal Property Securities 

5 

Amendment (Deregulatory Measures) Act 2014. 

6 

2  Commencement 

7 

 

(1)  Each provision of this Act specified in column 1 of the table 

8 

commences, or is taken to have commenced, in accordance with 

9 

column 2 of the table. Any other statement in column 2 has effect 

10 

according to its terms. 

11 

 

12 

   

   

 

 

2 

Personal Property Securities Amendment (Deregulatory Measures) Bill 

2014 

No.      , 2014 

 

Commencement information 

Column 1 

Column 2 

Column 3 

Provision(s) 

Commencement 

Date/Details 

1.  Sections 1 to 3 

and anything in 

this Act not 

elsewhere covered 

by this table 

The day this Act receives the Royal Assent. 

 

2.  Schedule 1 

A single day to be fixed by Proclamation. 

However, if the provision(s) do not 

commence within the period of 6 months 

beginning on the day this Act receives the 

Royal Assent, they commence on the day 

after the end of that period. 

 

Note: 

This table relates only to the provisions of this Act as originally 

1 

enacted. It will not be amended to deal with any later amendments of 

2 

this Act. 

3 

 

(2)  Any information in column 3 of the table is not part of this Act. 

4 

Information may be inserted in this column, or information in it 

5 

may be edited, in any published version of this Act. 

6 

3  Schedule(s) 

7 

 

  Each Act that is specified in a Schedule to this Act is amended or 

8 

repealed as set out in the applicable items in the Schedule 

9 

concerned, and any other item in a Schedule to this Act has effect 

10 

according to its terms. 

11 

Amendments  Schedule 1 

   

 

 

No.      , 2014 

Personal Property Securities Amendment (Deregulatory Measures) Bill 

2014 

3 

 

Schedule 1

--Amendments 

1 

   

2 

Personal Property Securities Act 2009 

3 

1  After section 2 

4 

Insert: 

5 

2A  Schedule 1 

6 

 

  Schedule 1 has effect. 

7 

Note: 

Schedule 1 contains application, saving and transitional provisions 

8 

relating to amendments of this Act. 

9 

2  At the end of section 3 

10 

Add: 

11 

Schedule 1 contains application, saving and transitional provisions 

12 

relating to amendments of this Act. 

13 

3  Paragraph 13(1)(d) 

14 

Omit "year); or", substitute "year)." 

15 

4  Paragraph 13(1)(e) 

16 

Repeal the paragraph. 

17 

5  Subparagraph 268(1)(a)(ii) 

18 

Repeal the subparagraph. 

19 

6  Subsection 268(1) (example) 

20 

Repeal the example. 

21 

7  At the end of the Act 

22 

Add: 

23 

Schedule 1  Amendments 

   

 

 

4 

Personal Property Securities Amendment (Deregulatory Measures) Bill 

2014 

No.      , 2014 

 

Schedule 1--Transitional provisions relating 

1 

to amendments of this Act 

2 

Note: 

See section 2A. 

3 

Part 1--Transitional provisions relating to the 

4 

Personal Property Securities Amendment 

5 

(Deregulatory Measures) Act 2014 

6 

   

7 

1  Definitions 

8 

 

  In this Part: 

9 

amending Act means the Personal Property Securities Amendment 

10 

(Deregulatory Measures) Act 2014. 

11 

2  Application of amendments relating to serial numbered goods 

12 

 

  Despite the amendments made by items 4 and 5 of Schedule 1 to 

13 

the amending Act, this Act continues to apply, in relation to leases 

14 

and bailments of goods entered into before the commencement of 

15 

those items, as if those amendments had not been made. 

16