Summary
Amends the:
Corporations Act 2001
in relation to: registrable charges; the liability of receivers and voluntary administrators for certain transactions; enforcement of liens and pledges; vesting of security interests; and appointment of an administrator under a transitional security agreement;
Personal Property Securities Act 2009
in relation to: taking certain personal property free of security interests; harmonising the definition of ‘security interest’ with New Zealand legislation; Clearing House Electronic Subregister System securities; access to third party data; the registrar’s powers to conduct investigations; security interests in authorised deposit-taking institutions; and state referral powers; and
Corporations Act 2001
and
Personal Property Securities Act 2009
to make technical amendments.