Commonwealth Consolidated Regulations

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PERSONAL PROPERTY SECURITIES REGULATIONS 2010 - REG 9.1

Transitional meaning of watercraft

    The definition of watercraft in regulation   1.6 includes an outboard motor that has a manufacturer's number if:

  (a)   the outboard motor is subject to a transitional security interest; and

  (b)   before the registration commencement time, the outboard motor was registered on a transitional register, under legislation that conferred priority on security interests that are registered.              



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