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Personal Property Securities (Priority of Statutory Interests) Instrument 20111

Personal Property Securities Act 2009

I, ROBERT McCLELLAND, AttorneyGeneral, make this Instrument under subsection 73 (4) of the Personal Property Securities Act 2009.

Dated 8 December 2011

 

ROBERT McCLELLAND

AttorneyGeneral


1 Name of Instrument

  This Instrument is the Personal Property Securities (Priority of Statutory Interests) Instrument 2011.

2 Commencement

  This Instrument commences on 30 January 2012.

3 Definitions

  In this Instrument:

Act means the Personal Property Securities Act 2009.

4 Priority between security interests and declared statutory interests

  For subsection 73 (4) of the Act, subsection 73 (2) of the Act applies to:

 (a) a lien that arises under subsection 443F (1) of the Corporations Act 2001; and

 (b) a lien that arises under subsection 189AC (2) of the Bankruptcy Act 1966.

Note

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.