Personal Property Securities (Corporations and Other Amendments) Act 2010 (96 of 2010)

Schedule 2   Personal Property Securities Act 2009

Part 1   Specific amendments

123   Subsection 333(4)

Repeal the subsection, substitute:

(4) This subsection applies if, in the Registrar's opinion, the registration of the interest in the personal property in the transitional register would have ended at a particular time (the transitional registration end time ) in accordance with the law under which the transitional register was maintained (as in force immediately before the migration time).

Registration time

(5) The registration time for the personal property is the registration commencement time.

Note: However, the migrated security interest in the personal property is perfected from immediately before the registration commencement time (see section 322).