Personal Property Securities (Consequential Amendments) Act 2009 (131 of 2009)

Schedule 3   Maritime legislation

Shipping Registration Act 1981

16   Subsection 3(1)

Insert:

PPSA security interest (short for Personal Property Securities Act security interest) means a security interest within the meaning of the Personal Property Securities Act 2009 and to which that Act applies (other than a transitional security interest within the meaning of that Act).

Note: The Personal Property Securities Act 2009 applies to certain security interests in personal property. See the following provisions of that Act:

(a) section 8 (interests to which the Act does not apply);

(b) section 12 (meaning of security interest );

(c) Chapter 9 (transitional provisions).