Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 281

General priority rule in relation to unregistered charges 
281. An unregistered charge on property of a company has priority over:

   (a)  a registered charge on the property that was created after the
        creation of the unregistered charge and does not have priority over
        the unregistered charge under subsection 280 (1); and

   (b)  another unregistered charge on the property created after the
        first-mentioned unregistered charge.

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