On the 12 October 2011, the Attorney-General introduced the Personal Property Securities (Registration Commencement) Bill 2011 into the Commonwealth Parliament.

The Bill amends the definitions of ‘migration time’ and ‘registration commencement’ time so that the Attorney-General may determine a time other than the automatic times in the PPS Act.

The Bill and explanatory memorandum are available on the Parliament of Australia website.

The purpose of the Bill is to assist in managing any risks which may arise approaching the implementation date and to remove the default commencement date of 1 February 2012.