Queensland Numbered Acts

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PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 158

158 Amendment of s 61 (Removal of forest products)

Section 61--

insert--

'(5) The Crown's interest under subsection (4) in forest products and quarry material--

(a) is declared to be a statutory interest to which section 73(2) of the Personal Property Securities Act 2009 (Cwlth) applies; and
(b) has priority over all security interests in relation to the forest products and quarry material.

'(6) In this section--

security interest has the meaning given by the Personal Property Securities Act 2009 (Cwlth), section 12.'.


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