Graham Perrett (Moreton, Australian Labor Party) Share this | Hansard source

This bill before the chamber, which the member for Hughes was attacking, is actually a sensible response to issues that were raised by a number of submissions to the Whittaker review and by a number of recent Supreme Court decisions concerning problems with the operation of the PPS act in relation to PPS leases. The bill extends the minimum term of a PPS lease from one year to more than two years—I do hope that the member for Hughes notes that. Any PPS leases which run for more than two years will be 'a security interest' that should be registered on the PPS register. It is a sensible tweak to the legislation that addresses concerns about the burden on small business, particularly in the hire and rental industry, where short-term lease arrangements or indefinite-term leases are commonplace. Labor is very happy to support this bill, which will help small businesses.

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