Personal Property Securities (Corporations and Other Amendments) Act 2010 (96 of 2010)

Schedule 1 Corporations Act 2001

Repeal the section, substitute:

283BG Exceptions to borrower's duty to report to trustee and ASIC

Section 283BF does not apply in respect of:

(a) a borrower, while:

(i) it is under external administration; or

(ii) a receiver, or a receiver and manager, of property of the borrower has been appointed and has not ceased to act under that appointment; or

(b) a security interest in PPSA retention of title property.