Consultation period: 22 September to 17 November 2023
This information was authored by the Attorney-General's Department. The policy functions transferred to the Treasury in May 2025.
Overview
On 22 September 2023 the Attorney-General announced the Australian Government’s response to the Final Report of the 2015 statutory review of the Personal Property Securities Act 2009 (the Whittaker Review).
The Whittaker Review made 394 recommendations with the overarching objective of simplifying the personal property securities (PPS) framework.
The government has developed a comprehensive reform package in response to these recommendations, which includes amendments to the Personal Property Securities Act 2009 (PPS Act) and new PPS Regulations. These reforms will achieve a clearer, more consistent, and more accessible PPS framework.
Why we are consulting
Government is seeking feedback on the proposed reform package to ensure that the amendments are relevant, effective and suited to the current needs of the Australian commercial environment.
The amendments are designed to reduce complexity for users of the PPS framework, particularly in relation to the PPS Register.
Feedback from affected parties will be invaluable in ensuring that the proposed reforms achieve these objectives, including by identifying areas that require further consideration.
Who we want to hear from
We want to hear from all users of the PPS framework and the PPS Register.
We welcome feedback from a diverse range of viewpoints, including individuals, small and medium sized enterprises, lawyers and accountants, and public sector agencies.
About this survey
This survey contains 5 parts:
- Part 1: About you
- Part 2: Your views on the framework reforms as a whole
- Part 3: Your views on the exposure draft of the Amendment Act
- Part 4: Your views on the exposure draft of the Regulations
- Part 5: Your views on the recommendations that have not been incorporated in the reform package
The consultation paper that accompanies this survey provides more information about the proposed reforms and details how you can have your say.
Documents
- Overview of PPS Framework Reforms [PDF 401 kB Overview of PPS Framework Reforms]
- Consultation paper [PDF 2 MB Consultation paper]
- Recommendations Index [PDF 662 kB Recommendations Index]
- Exposure draft of the Personal Property Securities Amendment (Framework Reform) Bill 2023 [PDF 1.1 MB Exposure draft of the Personal Property Securities Amendment (Framework Reform) Bill 2023]
- Explanatory Memorandum (Sch 1 – Ch 4) [PDF 262 kB Explanatory Memorandum (Sch 1 – Ch 4)]
- Explanatory Memorandum (Sch 2 – Ch 5) [PDF 263 kB Explanatory Memorandum (Sch 2 – Ch 5)]
- Explanatory Memorandum (Sch 3 – Ch 7) [PDF 364 kB Explanatory Memorandum (Sch 3 – Ch 7)]
- Explanatory Memorandum (Sch 4 – Ch 8) [PDF 380 kB Explanatory Memorandum (Sch 4 – Ch 8)]
- Explanatory Memorandum (Sch 5 – Ch 6) [PDF 357 kB Explanatory Memorandum (Sch 5 – Ch 6)]
- Explanatory Memorandum (Sch 6) [PDF 244 kB Explanatory Memorandum (Sch 6)]
- Explanatory Memorandum (Sch 7 – Ch 9) [PDF 352 kB Explanatory Memorandum (Sch 7 – Ch 9)]
- Draft compilation of the Personal Property Securities Act [PDF 1.8 MB Draft compilation of the Personal Property Securities Act]
- Exposure draft of the Personal Property Securities Regulations 2023 [PDF 459 kB Exposure draft of the Personal Property Securities Regulations 2023]
- Explanatory Statement [PDF 359 kB Explanatory Statement]
