Personal Property Securities Amendment Regulations 2011 (No. 2)1

Select Legislative Instrument 2011 No. 235

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Personal Property Securities Act 2009.

Dated 7 December 2011

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

ROBERT McCLELLAND

Attorney-General

1 Name of Regulations

  These Regulations are the Personal Property Securities Amendment Regulations 2011 (No. 2).

2 Commencement

  These Regulations commence on the day after they are registered.

3 Amendment of Personal Property Securities Regulations 2010

  Schedule 1 amends the Personal Property Securities Regulations 2010.

Schedule 1 Amendment

(regulation 3)

[1] After subregulation 1.4 (1B)

insert

 (1C) For paragraph 8 (1) (l) of the Act, the Act does not apply to an interest if the grantor is a company that is:

 (a) incorporated under the Companies Act 1985 of the Territory of Norfolk Island; and

 (b) not registered under Part 5B.2 of the Corporations Act 2001.

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.