Personal Property Securities Amendment Regulation 2012 (No. )

Commonwealth Coat of Arms

Personal Property Securities Amendment Regulation 2012 (No. 1)1

Select Legislative Instrument 2012 No. 121

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

Dated 28 June 2012

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

NICOLA ROXON

Attorney-General

1 Name of regulation

This regulation is the Personal Property Securities Amendment Regulation 2012 (No. 1).

2 Commencement

This regulation commences on 1 July 2012.

3 Amendment of Personal Property Securities Regulations 2010

Schedule 1 amends the Personal Property Securities Regulations 2010.

Schedule 1 Amendments

(section 3)

[1] Subregulation 1.4 (1A)

renumber as subregulation 1.4 (2)

[2] Subregulation 1.4 (1B)

renumber as subregulation 1.4 (3)

[3] Subregulation 1.4 (1C)

after

grantor

insert

of the interest

[4] Subregulation 1.4 (1C), at the foot

insert

Note For the definition of grantor, see section 10 of the Act.

[5] Subregulation 1.4 (1C)

renumber as subregulation 1.4 (4)

[6] Subregulation 1.4 (2)

renumber as subregulation 1.4 (5)

[7] After regulation 1.9

1.10 Meaning of investment instrument

For paragraph (i) of the definition of investment instrument in section 10 of the Act, the following financial products are prescribed:

(a) an Australian carbon credit unit, within the meaning of section 5 of the Carbon Credits (Carbon Farming Initiative) Act 2011;

(b) a carbon unit, within the meaning of section 5 of the Clean Energy Act 2011;

(c) each eligible international emissions unit mentioned in paragraphs (a), (b), (c) and (d) of the definition of eligible international emissions unit in section 4 of the Australian National Registry of Emissions Units Act 2011.

[8] Schedule 1, Part 2, subclause 2.2 (2)

omit

(1) (c) (iv) (E)

insert

(1) (c) (iii) (E)