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

Schedule 1 Corporations Act 2001

Repeal the section, substitute:

283CD Exceptions to guarantor's duty to inform trustee

Section 283CC does not apply in respect of:

(a) the guarantor, while:

(i) it is under external administration; or

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

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