Personal Property Securities (Consequential Amendments) Act 2009 (131 of 2009)
Schedule 4 Personal Property Securities Act 2009
11 After subsection 14(2)
Insert:
(2A) Despite paragraph (2)(c), a purchase money security interest includes an interest if:
(a) the interest is covered by subsection (1); and
(b) the interest is in collateral that (at the time the interest attaches to the collateral) the grantor intends to use predominantly for personal, domestic or household purposes; and
(c) the collateral is of a kind that is required or permitted by the regulations to be described by serial number.
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