Personal Property Securities (Corporations and Other Amendments) Bill 2011

Type
Government
Portfolio
Attorney-General
Originating house
House of Representatives
Status
Act
Parliament no
43

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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.

Progress

House of Representatives
Introduced and read a first time 23 Feb 2011
Second reading moved 23 Feb 2011
Referred to Main Committee 03 Mar 2011
Second reading debate 21 Mar 2011
Second reading agreed to 21 Mar 2011
Reported from Main Committee 21 Mar 2011
Third reading agreed to 21 Mar 2011
Senate
Introduced and read a first time 22 Mar 2011
Second reading moved 22 Mar 2011
Second reading debate 10 May 2011
Second reading agreed to 10 May 2011
Third reading agreed to 10 May 2011
Text of bill as passed both Houses 10 May 2011
Assent
  • Act no.: 35
  • Year: 2011
26 May 2011

Documents and transcripts

Text of bill

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Word Format PDF Format HTML Format

Explanatory memoranda

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Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Bills digest

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Notes

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.