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

Schedule 2   Personal Property Securities Act 2009

Part 1   Specific amendments

97   Subsection 244(5)

Repeal the subsection, substitute:

(5) A State stops being a referring State if:

(a) in the case where the Parliament of the State has referred to the Commonwealth Parliament the matters covered by subsection (3) - that reference terminates; or

(b) in the case where the Parliament of the State has adopted the relevant version of this Act - the adoption terminates.