Victorian Current Acts

INSTRUMENTS ACT 1958 - SECT 143

Despite the commencement of section 15 of the 2010 Act, the provisions of Part VIII of the Instruments Act 1958 (other than section 71), as in force immediately before that commencement, are taken to continue to apply to a current wool lien until, in accordance with section 79—

        (a)     the lien is removed from the records of the Registrar-General; or

        (b)     satisfaction of the lien is entered on the records of the Registrar-General—

whichever occurs first.

Note

Chapter 9 of the Personal Property Securities Act 2009 of the Commonwealth provides for transitional arrangements for liens on wool relating to the priority of these interests.

    (2)     An agreement executed before the commencement time that has not been (but could have been) registered in the office of the Registrar-General in accordance with section 70 immediately before the commencement time is taken to have effect as an agreement to which that section applies immediately before that time.

S. 144 inserted by No. 74/2010 s. 16.