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Second Reading Speeches

Personal Property Securities Amendment (PPS Leases) Bill 2017

Type
Government
Portfolio
Attorney-General
Originating house
House of Representatives
Status
Act
Parliament no
45

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Summary

Amends the

Personal Property Securities Act 2009
to: extend the minimum duration of personal property securities (PPS) leases from more than one year to more than two years; and provide that leases of an indefinite term will not be deemed to be PPS leases unless and until they run for a period of more than two years.