Commonwealth Consolidated Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 49

Taking investment instrument or intermediated security free of security interest in the ordinary course of trading

    A person who buys an investment instrument or an intermediated security in the ordinary course of trading on a prescribed financial market (within the meaning of the Corporations Act 2001 ) takes the instrument or intermediated security free of a security interest in the instrument or intermediated security.

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