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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 259

When other laws prevail--exclusion by referring State law or Territory law

Scope

  (1)   This section applies if a law of a referring State, or of a Territory, declares a matter to be an excluded matter for the purposes of this section in relation to:

  (a)   the whole of this Act (or an instrument made under this Act); or

  (b)   a specified provision of this Act (or an instrument made under this Act); or

  (c)   this Act (or an instrument made under this Act), other than a specified provision; or

  (d)   this Act (or an instrument made under this Act), otherwise than to a specified extent.

Matters excluded by declaration

  (2)   This Act (and any instrument made under this Act), apart from Division   4 (when this Act prevails), does not apply in relation to the excluded matter to the extent provided by the declaration.

Regulations under this Act may affect operation of declaration

  (3)   Subsection   (2) does not apply to the declaration to the extent (if any) prescribed by the regulations.

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