The Personal Properties Securities (Consequential Amendments) Bill 2009 (Cth.)

 The Bill was released to the House on 21 October 2009.

Referral legislation has been passed by QLD, NSW, VIC, SA and it is expected the other States will follow. One of the purposes of the Bill is to replace charges under the Corporations Act 2001, although these provisions are yet to be released. It is expected these follow separately with consultation. The national time frame for its implementation is May 2011.

Brisbane Barrister – David Cormack

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