Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 273

273. (1) Where, whether before or after the prescribed time, a notice in
relation to a charge is required to be lodged under this Division:

   (a)  the charge need not be registered under a prescribed law;

   (b)  no provision of a prescribed law of a State or Territory relating to
        priorities applies to or in relation to the charge; and

   (c)  a failure to register the charge under a prescribed law of a State or
        Territory does not affect the validity, or limit the effect, of the
        charge.

(2) Where:

   (a)  a transfer, assignment, or giving of security, by a company is
        registrable under a prescribed law of a State or Territory;

   (b)  notice in relation to the transfer, assignment or giving of security
        is required to be lodged under this Division; and

   (c)  the transfer, assignment or giving of security is registered under
        this Division; then:

   (d)  the transfer, assignment or giving of security is, subject to
        paragraph (1) (b), as valid and effectual; and

   (e)  by force of this subsection, the prescribed provisions (if any) of a
        law of that State or Territory have effect, with the prescribed
        modifications (if any), in relation to the transfer, assignment or
        giving of security; as if it had been duly registered under that
        prescribed law.

(3) Where:

   (a)  a crop lien, wool lien, or stock mortgage, given by a company is
        registrable under a prescribed law of a State or Territory;

   (b)  notice in relation to the crop lien, wool lien, or stock mortgage, is
        required to be lodged under this Division; and

   (c)  the crop lien, wool lien, or stock mortgage, is registered under this
        Division; then:

   (d)  the crop lien, wool lien or stock mortgage is, subject to paragraph
        (1) (b), as valid and effectual; and

   (e)  by force of this subsection, the prescribed provisions (if any) of a
        law of that State or Territory have effect, with the prescribed
        modifications (if any), in relation to the crop lien, wool lien, or
        stock mortgage; as if it had been duly registered under that
        prescribed law.

(4) Subject to this Part, the regulations may provide that specified
provisions of a law of a State or Territory:

   (a)  do not apply in relation to specified registrable charges; or

   (b)  apply, by force of the regulations and with the prescribed
        modifications (if any), in relation to specified registrable charges.

(5) Nothing in this section applies in relation to a charge given by a company
jointly with another person who is not, or other persons at least one of whom
is not, a company.