Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies despite the amendment of this Act made by item 10 of Schedule 1 to the amending Act if a reference to a charge in a provision of this Act, as in force immediately before the commencement time, did not include a reference to a lien or a pledge, or any other particular form of security over the property.
Note: Item 10 of Schedule 1 to the amending Act inserts the definition of security interest in section 51A.
(2) In its application in relation to an interest in property
created or arising before the commencement time, or under an agreement or
instrument made before that time, the reference in that provision (as amended
by the amending Act) to a security interest does not include a reference to a
lien or a pledge, or that particular form of security over the property, as
the case may be.