Queensland Numbered Acts

PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 150

(1) Section 64--

insert--

'(1A) A pawnbroker's interest under subsection (1) in the proceeds of sale of the property--

(a) is declared to be a statutory interest to which section 73(2) of the PPS Act applies; and

(b) has priority over all security interests in relation to the property.

'(1B) Subsection (1) applies only to a security interest to which the PPS Act does not apply.'.

(2) Section 64--

insert--

'(5) In this section--

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

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