Queensland Numbered Acts

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PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 204

204 Amendment of s 30 (Effect of sale or other disposal of certain works of art or other property)

(1) Section 30(3)--

renumber as section 30(4) .

(2) Section 30--

insert--

'(3) A secured party can not enforce any security interest in the property or the proceeds of sale against--

(a) the board; or
(b) an entity to whom an amount is paid or payable under section 26(6)(a) or 28(2A)(a); or
(c) an entity to whom the property is sold.'.

(3) Section 30--

insert--

'(5) In this section--

secured party has the meaning given by the Personal Property Securities Act 2009 (Cwlth), section 10.

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



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