Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This Act operates in a non - referring State in relation to a security interest, or another interest, in personal property, if the interest arises in the course of any of the following activities:
(a) trade or commerce with other countries, or among the States;
(b) activities undertaken by a constitutional corporation;
(c) banking, other than State banking;
(d) State banking extending beyond the limits of the State concerned;
(e) insurance, other than State insurance;
(f) State insurance extending beyond the limits of the State concerned;
(g) using postal, telegraphic, telephonic, or other like services;
(h) supplying goods or services to the Commonwealth, or an agency of the Commonwealth;
(i) conduct by the Commonwealth, or an agency of the Commonwealth;
(j) an activity related to a fishery in Australian waters beyond territorial limits.
(2) However, this Act stops operating under subsection (1) in a non - referring State in relation to a security interest, or another interest, in personal property, if, after the interest arises:
(a) the interest is dealt with; and
(b) that dealing is not in the course of an activity to which subsection (1) applies.
(3) Subsection (2) does not limit the operation of this Act in a non - referring State otherwise than under this section.