CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY  

Division 2A - Vesting of PPSA security interests if not continuously perfected  

SECTION 588FK   INTERPRETATION AND APPLICATION  

588FK(1)  
A word or expression used in this Division has the same meaning as in the Personal Property Securities Act 2009 .

588FK(2)  
Subsection (1) applies despite any other provision of this Act (subject to subsection (4)).

588FK(3)  
For the purposes of this Division, whether or not a person has acquired actual or constructive knowledge of a circumstance is to be determined in accordance with sections 297 to 300 of the Personal Property Securities Act 2009 .

588FK(4)  
In this Division:

PPSA security interest
has the meaning given by section 51 .

Note: As a result of this section, in this Division, company has the same meaning as in the Personal Property Securities Act 2009 . At the time this section was enacted, section 10 of that Act provided that company means:

  • (a) a company registered under Part 2A.2 or Part 5B.1 of the Corporations Act 2001 ; or
  • (b) a registrable body that is registered under Division 1 or 2 of Part 5B.2 of that Act.

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