Personal Property Securities (Commonwealth Powers) Act 2009

The Governor may make regulations, not inconsistent with this Act, for or with respect to any matter that by this Act is required or permitted to be prescribed or that is necessary or convenient to be prescribed for carrying out or giving effect to this Act.

Without limiting subclause (1), the regulations may declare a matter to be an excluded matter for the purposes of section 259 of the PPS Act in relation to:

the whole of the PPS Act (or an instrument made under that Act), or

a specified provision of the PPS Act (or an instrument made under that Act), or

the PPS Act (or an instrument made under the PPS Act), other than a specified provision, or

the PPS Act (or an instrument made under the PPS Act), otherwise than to a specified extent.

Without limiting subclauses (1) and (2), the regulations may contain provisions of a savings or transitional nature consequent on the enactment or making of the following Acts and instruments:

this Act,

the 2009 amending Act,

the PPS Act or any Act or instrument of the Commonwealth that amends the PPS Act,

the Personal Property Securities Legislation Amendment Act 2010.

If the regulations so provide, any provision referred to in subclause (3) may:

have effect despite any specified provision of this Schedule or another Act or statutory rule, and

take effect from the date of assent to the Act or the making of the instrument concerned or a later date.

To the extent to which any such provision takes effect from a date that is earlier than the date of its publication on the NSW legislation website, the provision does not operate so as:

to affect, in a manner prejudicial to any person (other than the State or an authority of the State), the rights of that person existing before the date of its publication, or

to impose liabilities on any person (other than the State or an authority of the State) in respect of anything done or omitted to be done before the date of its publication.

Any matter for which a regulation made under this Act makes provision is taken to be a matter for which a regulatory impact statement is not required for the purposes of the Subordinate Legislation Act 1989.