Public Consultation on the Government's response to the statutory review of the Personal Property Securities Act 2009

Closed 17 Nov 2023

Opened 22 Sep 2023

Contact

PPSAReform@ag.gov.au

Published responses

View submitted responses where consent has been given to publish the response.

Overview

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 government has developed a comprehensive reform package in response to these recommendations, which includes amendments to the Personal Property Securities Act 2009 (PPS Act) and new PPS Regulations. These reforms will achieve a clearer, more consistent, and more accessible PPS framework.

Why we are consulting

Government is seeking feedback on the proposed reform package to ensure that the amendments are relevant, effective and suited to the current needs of the Australian commercial environment. The amendments are designed to reduce complexity for users of the PPS framework, particularly in relation to the PPS Register. Feedback from affected parties will be invaluable in ensuring that the proposed reforms achieve these objectives, including by identifying areas that require further consideration.

Who we want to hear from

We want to hear from all users of the PPS framework and the PPS Register. We welcome feedback from a diverse range of viewpoints, including individuals, small and medium sized enterprises, lawyers and accountants, and public sector agencies.

About this survey

This survey contains five parts:

  • Part 1: About you
  • Part 2: Your views on the framework reforms as a whole
  • Part 3: Your views on the exposure draft of the Amendment Act
  • Part 4: Your views on the exposure draft of the Regulations
  • Part 5: Your views on the recommendations that have not been incorporated in the reform package

The consultation paper that accompanies this survey provides more information about the proposed reforms and details how you can have your say.

Interests

  • Government
  • Legislation
  • Corporate