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

Schedule 3   Maritime legislation

Navigation Act 1912

8   After subsection 83(2)

Insert:

(2A) Subsection 73(2) of the Personal Property Securities Act 2009 applies to the lien for seamen's wages.

Note 1: The effect of subsection (2A) is that the priority between a lien for seamen's wages and a PPSA security interest is to be determined in accordance with this Act rather than the Personal Property Securities Act 2009.

Note 2: Subsection 73(2) of the Personal Property Securities Act 2009 applies to liens for seamen's wages that arise after the commencement of subsection (2A) of this section (which commences at the registration commencement time within the meaning of the Personal Property Securities Act 2009).