Commonwealth Numbered Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 (NO. 130, 2009) - SECT 249

Non-referring State operation--interests

General rule

             (1)  This Act operates in a non‑referring State in relation to a security interest, or another interest, in personal property, if the interest includes an interest in any of the following:

                     (a)  a constitutional corporation;

                     (b)  money borrowed on the public credit of the Commonwealth;

                     (c)  an ADI account, other than an ADI account relating to State banking;

                     (d)  an ADI account that relates to State banking extending beyond the limits of the State concerned;

                     (e)  a policy of insurance, other than State insurance;

                      (f)  a policy of State insurance extending beyond the limits of the State concerned;

                     (g)  a bill of exchange or a promissory note;

                     (h)  copyright, a patent of an invention or design, or a trade mark;

                      (i)  a facility that provides postal, telegraphic, telephonic or other like services;

                      (j)  a fishery in Australian waters beyond territorial limits;

                     (k)  a lighthouse, lightship, beacon or buoy.

Constitutional interests exclusively--severable operation

             (2)  Without limiting subsection (1), this Act also has the effect it would have if this Act operated in a non‑referring State in relation to a security interest, or another interest, in personal property, to the extent only that the interest were in any of the things mentioned in that subsection.



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