Commonwealth Consolidated Acts Commonwealth Consolidated ActsGeneral rule
(1) This Act operates in a non - referring State in relation to a security interest, or another interest, in personal property, if the interest includes an interest in any of the following:
(a) a constitutional corporation;
(b) money borrowed on the public credit of the Commonwealth;
(c) an ADI account, other than an ADI account relating to State banking;
(d) an ADI account that relates to State banking extending beyond the limits of the State concerned;
(e) a policy of insurance, other than State insurance;
(f) a policy of State insurance extending beyond the limits of the State concerned;
(g) a bill of exchange or a promissory note;
(h) copyright, a patent of an invention or design, or a trade mark;
(i) a facility that provides postal, telegraphic, telephonic or other like services;
(j) a fishery in Australian waters beyond territorial limits;
(k) a lighthouse, lightship, beacon or buoy.
Constitutional interests exclusively--severable operation
(2) Without limiting subsection (1), this Act also has the effect it would have if this Act operated in a non - referring State in relation to a security interest, or another interest, in personal property, to the extent only that the interest were in any of the things mentioned in that subsection.