Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Registrar may give a secured party in respect of a registration with respect to a security interest a written notice requiring the secured party to pay the fee (determined under section 190) stated in the notice within 28 days after the notice is given in order to maintain the effectiveness of the registration.
(2) If the fee is not paid within 28 days after the notice is given, the Registrar may register a financing change statement amending the registration to end its effect.
Note 1: The Registrar must give a verification statement to each secured party after the registration of a financing change statement (see section 156).
Note 2: Application may be made to the Administrative Appeals Tribunal for review of certain decisions of the Registrar about registration (see section 191).
Note 3: The requirement to pay a fee is satisfied if an arrangement for its payment has been approved under subsection 190(4).