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CORPORATIONS ACT 2001 - SECT 273C

Application of specified State and Territory laws to crop liens, wool liens and stock mortgages registered under this Part

(1) This section deals with how particular State and Territory laws apply to a crop lien, wool lien or stock mortgage given by a company that is registrable under those laws if:

(a)
notice in relation to the lien or stock mortgage is required to be lodged under this Part; and

(b)
the lien or mortgage is registered under this Part.

The laws are called specified laws and are identified in subsections (3) and (4). The particular specified law under which the lien or mortgage is registrable is called the applicable registration law .

Note: Section 273E provides that this section does not apply to certain joint charges.

(2) The lien or mortgage is, subject to subsection 273A(3), as valid and effectual as if it had been duly registered under the applicable registration law. (3) The specified laws are the State or Territory laws that are:

(a)
specified in the following table; or

(b)
specified by the regulations for the purposes of this section.

Specified laws for the purposes of this section
Law Jurisdiction
1 Liens on Crops and Wool and Stock Mortgages Act 1898 Parts II and III New South Wales
2 Instruments Act 1958 Parts VII and VIII Victoria
3 Bills of Sale and Other Instruments Act 1955 Part II Queensland
4 Liens on Crops of Sugar Cane Act 1931 Queensland
5 Liens on Fruit Act 1923 South Australia
6 Stock Mortgages and Wool Liens Act 1924 South Australia
7 Bills of Sale Act 1899 sections 7, 8 and 37 Western Australia
8 Stock, Wool, and Crop Mortgages Act 1930 Tasmania
9 Instruments Act 1933 Parts IV and V Australian Capital Territory
10 Instruments Act Parts III and IV Northern Territory

(4) The regulations may provide that a law specified in the table in subsection (3) is not a specified law for the purposes of this section. (5) The specified provisions are the provisions of State or Territory laws that are:

(a)
specified in the following table; or

(b)
specified by the regulations for the purposes of this section.

Specified provisions for the purposes of this section
Provision Law Jurisdiction
1 Sections 5, 6, 7, 10, 12, 15, 19 and 20 Liens on Crops and Wool and Stock Mortgages Act 1898 New South Wales
2 Sections 62, 63, 64, 65, 67, 71, 75, 77 and 81 Instruments Act 1958 Victoria
3 Sections 27 and 30, subsections 32(2) and (3) and sections 35 and 36 Bills of Sale and Other Instruments Act 1955 Queensland
4 Sections 8, 9, 15 and 19 Liens on Crops of Sugar Cane Act 1931 Queensland
5 Sections 4, 5, 6, 6a, 7 and 9 Liens on Fruit Act 1923 South Australia
6 Sections 6, 15 and 16 Section 25 (applying sections 20 and 37 of the Bills of Sale Act 1886 ) Stock Mortgages and Wool Liens Act 1924 South Australia
7 sections 7, 38, 39, 41, 42 and 43 Bills of Sale Act 1899 Western Australia
8 Subsections 3(3), 4(2), 4(4), 4(5) and 5(4) and sections 7 and 9 Paragraph 11(e) (applying section 37 of the Bills of Sale Act 1900 ) Stock, Wool, and Crop Mortgages Act 1930 Tasmania
9 Sections 18, 19 and 20, subsection 21(1), sections 24 and 26, subsection 29(1) and sections 33 and 34 Instruments Act 1933 Australian Capital Territory
10 Parts III and IV Instruments Act Northern Territory

(6) The regulations may provide that a provision specified in the table in subsection (5) is not a specified provision for the purposes of this section.



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