Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.13 - TRANSITIONAL PROVISIONS RELATING TO THE PERSONAL PROPERTY SECURITIES (CORPORATIONS AND OTHER AMENDMENTS) ACT 2010  

SECTION 1501A   REFERENCES TO THE WHOLE OR SUBSTANTIALLY THE WHOLE OF A COMPANY ' S PROPERTY  

1501A(1)    
This section applies to a transitional security interest within the meaning of the Personal Property Securities Act 2009 .

Note: For the meaning of transitional security interest , see section 308 of the Personal Property Securities Act 2009 .

1501A(2)    
In working out for the purposes of this Act whether the security interest covers the whole, or substantially the whole, of the company ' s property at a time (the later time ) that is at or after the commencement time, disregard any of the company ' s property that is PPSA retention of title property of the company at the later time.

Note: This Act gives certain powers to secured parties who hold security interests over the whole, or substantially the whole, of a company ' s property (for example, the power to appoint an administrator under section 436C ).