Clifford Gouldson Lawyers

Federal Govt Delay on PPSA Lease Amendment Continues

Print Version

12/12/2014

The Federal Government introduced a Bill to Parliament on 19 March 2014, amending the PPSA so that businesses will only need to register leases of all types of equipment which are for 12 months or longer (rather than the current 90 days for serial-numbered equipment).
 
However, the Bill (Personal Property Securities Amendment (Deregulatory Measures) Bill 2014) has not passed prior to the parliamentary Christmas break. We will have to wait and see what 2015 brings. The amendment will mean significant changes for the equipment hire business - see our alert here from earlier this year.
 
A statutory review of the PPSA legislation was also commenced in April 2014 and is currently underway, focusing on the Act’s impact on small business. Further amendments to the PPSA may arise from this review in due course.

If you have questions or concerns about the impact of the PPSA legislation on your business please contact Director, Amanda Tolson for more information.

LATEST NEWS/EVENTS

Dismissal because of domestic violence deemed not discrimination - 13/02/2019

In January last year, in the Queensland Industrial Relations Commission, Deputy President Swan dismissed a complaint made by a worker that claimed she had been sexually discriminated against by her employer due to an unfortunate event of domestic violence.... read on

Sushi case confirms employer record-keeping requirements - 11/02/2019

An underpaying sushi business is the first to be charged by the Fair Work Ombudsman (FWO) utilising under a new reverse onus of proof law that puts the pressure back on employers to refute fishy conduct in court.... read on

Exporter Update - 1 March 2019 Air Freight Security Requirements - 7/02/2019

From 1 March 2019 export air cargo, regardless of destination, will need to be examined at piece-level or originate from a Known Consignor. These measures are designed around improving aviation security.... read on

Read all news/events

Site Developed by FAQ Interactive