Corporations Act 2001
View history note
Hide history noteThis section applies to a transitional security interest within the meaning of the Personal Property Securities Act 2009 .
Note: For the meaning of transitional security interest , see section 308 of the Personal Property Securities Act 2009 .
1501A(2)
In working out for the purposes of this Act whether the security interest covers the whole, or substantially the whole, of the company ' s property at a time (the later time ) that is at or after the commencement time, disregard any of the company ' s property that is PPSA retention of title property of the company at the later time.
Note: This Act gives certain powers to secured parties who hold security interests over the whole, or substantially the whole, of a company ' s property (for example, the power to appoint an administrator under section 436C ).
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