The Federal government has announced a review of the Personal Property Securities Act 2009 (PPS Act).
The Department has now invited submissions on issues particular to small business to be made before 6 June 2014. These will support an interim report aimed at informing government of priority issues affecting small business.
Feedback is being sought on issues such as the impact of the PPS Act on small business, the level of understanding of the PPS Act amongst small business operators and their ability to effectively utilise the PPS Act for their benefit.
The interim report will be provided to the Australian Government on 31 July 2014.
Submissions on all other issues can be made until 25 July 2014. A final report will be completed by 30 January 2015.
For more information about the review, to make a submission and subscribe for updates, please go to the PPS Act review web page on the website of the Attorney-General's Department.
W G Stark
Hayden Starke Chambers