Queensland Numbered Acts

PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 208

(1) Section 23(3)--

renumber as section 23(4) .

(2) Section 23--

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 19(7)(a) or 21(2A)(a); or

(c) an entity to whom the property is sold.'.

(3) Section 23--

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.'.