Corporations Act 2001
CHAPTER 5
-
EXTERNAL ADMINISTRATION
PART 5.7B
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RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY
Division 2A
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Vesting of PPSA security interests if not continuously perfected
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:(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.
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:
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