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

Schedule 5   Other legislation

Bankruptcy Act 1966

11   Paragraphs 301(1)(a), (b) and (c)

Repeal the paragraphs, substitute:

(a) the contract, agreement, lease, hire-purchase agreement, licence or PPSA security agreement is to terminate, or may be terminated by the vendor, lessor, owner, licensor or PPSA secured party; or

(b) the operation of the contract, agreement, lease, hire-purchase agreement, licence or PPSA security agreement is to be modified; or

(c) property to which the contract, agreement, lease, hire-purchase agreement, licence or PPSA security agreement relates may be repossessed by or on behalf of the vendor, lessor, owner, licensor or PPSA secured party;