CORPORATIONS ACT 2001

CHAPTER 1 - INTRODUCTORY  

PART 1.2 - INTERPRETATION  

Division 6A - Security interests  

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 ).


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