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CORPORATIONS ACT 2001 - SECT 51

Meaning of PPSA security interest

                   In this Act:

"PPSA security interest" (short for Personal Property Securities Act security interest) means a security interest within the meaning of the Personal Property Securities Act 2009 and to which that Act applies, other than a transitional security interest within the meaning of that Act.

Note 1:       The Personal Property Securities Act 2009 applies to certain security interests in personal property. See the following provisions of that Act:

(a)    section 8 (interests to which the Act does not apply);

(b)    section 12 (meaning of security interest );

(c)    Chapter 9 (transitional provisions).

Note 2:       For the meaning of transitional security interest , see section 308 of the Personal Property Securities Act 2009 .



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