Commonwealth Consolidated Acts

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Meaning of secured party

                   In this Act:

"secured party" , in relation to a security interest, means:

                     (a)  if the security interest is a PPSA security interest--a secured party within the meaning of the Personal Property Securities Act 2009 ; or

                     (b)  if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property--a chargee, lienee or pledgee in relation to the charge, lien or pledge.

Note:          Security interests are either PPSA security interests, or charges, liens or pledges (see section 51A).

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