Corporations Act 2001
CHAPTER 1
-
INTRODUCTORY
PART 1.2
-
INTERPRETATION
Division 6A
-
Security interests
In this Act:
(a) if the security interest is a PPSA security interest - a secured party within the meaning of the Personal Property Securities Act 2009 ; or
(b) if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property - a chargee, lienee or pledgee in relation to the charge, lien or pledge.
SECTION 51B
51B
MEANING OF
SECURED PARTY
In this Act:
secured party
, in relation to a security interest, means:
(a) if the security interest is a PPSA security interest - a secured party within the meaning of the Personal Property Securities Act 2009 ; or
(b) if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property - a chargee, lienee or pledgee in relation to the charge, lien or pledge.
Note: Security interests are either PPSA security interests, or charges, liens or pledges (see section 51A ).
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.