Queensland Numbered Acts

PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 212

(1) Section 21(3)--

renumber as section 21(4).

(2) Section 21--

insert--

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

(a) the trust; or

(b) an entity to whom an amount is paid or payable under section 18(6)(a) or 19(2A)(a); or

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

(3) Section 21--

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.'.