Queensland Numbered Acts

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PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 123

123 Amendment of s 314 (Property remaining on former mining lease may be sold)

(1) Section 314--

insert--

'(5A) A secured party can not enforce any security interest in the proceeds of sale against an entity to whom an amount is payable under subsection (3)(a) to (e).'.

(2) Section 230--

insert--

'(7) In this section--

secured party has the meaning given by the PPS Act, section 10.

security interest has the meaning given by the PPS Act, section 12.

PPS Act means the Personal Property Securities Act 2009 (Cwlth).'.



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