Personal Property Securities (Corporations and Other Amendments) Act 2010 (96 of 2010)
Schedule 1 Corporations Act 2001
Part 8 PPSA retention of title property
177 Subsection 568(1AA)
Repeal the subsection, substitute:
(1AA) This section does not apply to:
(a) an agreement by the company to buy back its own shares; or
(b) PPSA retention of title property that is taken to form part of the property of the company because of the definition of property in section 513AA.
Note: The definition of property in section 513AA includes PPSA retention of title property of the company, if the security interest in the property has vested in the company in certain situations.
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