Submission: Government response to PPSA Whittaker review
ARITA made a submission in response to the Government’s proposed legislative response to the recommendations of the Final Report of the 2015 Statutory Review of the Personal Property Securities Act 2009 (PPS Act) (Whittaker Review) issued on 22 September 2023.
The submission focuses on the proposed reforms (or lack thereof) to recommendations in the Whittaker Review that have a direct impact on insolvency practitioners’ ability to simply, effectively and efficiently undertake their obligations to identify secured creditors that have priority and can stand outside the insolvency process. It also noted that regard should be had to any judicial developments and guidance provided in the intervening eight years which has clarified some complexities based on current provisions.
Read ARITA's submission