Commonwealth Consolidated Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 145

Guide to this Chapter

This Chapter   provides for the establishment and maintenance of a register with respect to personal property securities and certain prescribed personal property.

Part   5.2 deals with the establishment of the register and what it contains.

Registrations consist of financing statements , and are amended by the registration of financing change statements . Part   5.3 deals with the registration of these statements, including the data to be included and the issue of verification statements confirming their registration.

Part   5.4 contains rules about the timing of registrations and when a registration becomes ineffective, including the defects that make a registration ineffective.

Part   5.5 is about accessing the register to search for registered data and third party data.

Part   5.5A is about conditions on access to data through the register. In addition, the Part   enables the provision, through the register (as a portal), of non - registered data about personal property from third parties.

Part   5.6 deals with the amendment of registrations after a demand for amendment is made.

Part   5.7 deals with removal of data from the register and the correction of registration errors.

Part   5.8 provides for fees for registration and searching the register, the review of registration decisions and annual reports.

Part   5.9 establishes the offices of the Registrar of Personal Property Securities and the Deputy Registrar.

 


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