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

Schedule 2 Personal Property Securities Act 2009

Repeal the paragraph, substitute:

(a) continues in the collateral, unless:

(i) the secured party expressly or impliedly authorised a disposal giving rise to the proceeds; or

(ii) the secured party expressly or impliedly agreed that a dealing giving rise to the proceeds would extinguish the security interest; and