Personal Property Securities (Corporations and Other Amendments) Bill 2011

Type
Government
Portfolio
Attorney-General 
Originating house
House of Representatives 
Status
Act 
Parliament no
43
Summary
Amends the:
Corporations Act 2001
  in relation to: registrable charges; the liability of receivers and voluntary administrators for certain transactions; enforcement of liens and pledges; vesting of security interests; and appointment of an administrator under a transitional security agreement;
Personal Property Securities Act 2009
  in relation to: taking certain personal property free of security interests; harmonising the definition of ‘security interest’ with New Zealand legislation; Clearing House Electronic Subregister System securities; access to third party data; the registrar’s powers to conduct investigations; security interests in authorised deposit-taking institutions; and state referral powers; and
Corporations Act 2001
  and
Personal Property Securities Act 2009
  to make technical amendments. 

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Progress

House of Representatives
23 Feb 2011Introduced and read a first time
23 Feb 2011Second reading moved
03 Mar 2011Referred to Main Committee
21 Mar 2011Second reading debate
21 Mar 2011Second reading agreed to
21 Mar 2011Reported from Main Committee
21 Mar 2011Third reading agreed to
Senate
22 Mar 2011Introduced and read a first time
22 Mar 2011Second reading moved
10 May 2011Second reading debate
10 May 2011Second reading agreed to
10 May 2011Third reading agreed to


10 May 2011Text of bill as passed both Houses
26 May 2011Assent

Act no.: 35

Year: 2011

Documents and transcripts

Text of bill

Word Format PDF Format
Word Format PDF Format

Explanatory memoranda

Word Format PDF Format

Transcript of speeches

Proposed amendments

No documents at present

Schedules of amendments

No documents at present

Committee Information

No documents at present

Bills Digest PDF Format

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Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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