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

Schedule 1   Corporations Act 2001

Part 7   Liens and pledges

137   Subparagraphs 442CC(1)(d)(i) and (ii) and (e)(i) and (ii)

Repeal the subparagraphs, substitute:

(i) the possessory security interest; and

(ii) any other security interest in the property, where the debt secured by the security interest has a priority that is equal to or higher than the priority of the debt secured by the possessory security interest;