Bills relating to the ratification of the Convention on International Interests in Mobile Equipment, done at Cape Town on 16 November 2001 (the “Cape Town Convention”) and the Protocol to the Convention on International Interests in Mobile Equipment on Matters Specific to Aircraft Equipment, done at Cape Town on 16 November 2001 (the “Aircraft Protocol”) (the Cape Town Convention and Aircraft Protocol, together, “the Convention”) were introduced to the Australian Parliament on 29 May 2013.
Further to our previous client alert (here), on 29 May 2013, the Australian Government introduced into Federal Parliament the International Interests in Mobile Equipment (Cape Town Convention) Bill 2013 (found here) and the International Interests in Mobile Equipment (Cape Town Convention) (Consequential Amendments) Bill 2013 (found here) for the purposes of progressing the implementation of the Convention.
As we previously reported, the Joint Standing Committee of Treaties had recommended that binding treaty action be taken in respect of implementing the Convention on 27 May 2013, and the Australian government progressed this speedily by introducing enabling draft bills into Parliament on 29 May 2013. With the Federal Parliament sitting calendar in mind, the earliest time at which the Convention could pass both Houses of Parliament is in the last week of June 2013 and, with the election looming, the bills will need to obtain Royal Assent by mid-August or else be delayed until the new Parliament is formed. Assuming the bills stay on schedule and taking into account the 3 month transition period prescribed by the Convention, the Convention is likely to be effective in early November.