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

Schedule 4   Personal Property Securities Act 2009

17   Subsection 39(1)

Omit all the words after "subsection (2)" (not including the note), substitute:

if, immediately before the collateral became located in Australia, and at the time it became so located:

(a) the security interest was effective; and

(b) the security agreement providing for the security interest was enforceable against third parties.