(1) Section 46A(7), 'as follows'--
omit, insert--
'in the following order'.
(2) Section 46A(7)(a), 'firstly,'--
omit.
(3) Section 46A(7)(b), 'secondly,'--
omit.
(4) Section 46A(7)(c), 'thirdly,'--
omit.
(5) Section 46A(7)(c), as amended--
renumber as section 46A(7)(d).
(6) Section 46A(7)--
insert--
'(c) if there is an amount owing to an entity under a security interest registered for the vehicle under the Personal Property Securities Act 2009 (Cwlth)--in payment of the amount owing under the security interest;'.
(7) Section 46A--
insert--
'(7A) A secured party can not enforce any security interest in the proceeds of sale against an entity to whom an amount is payable under subsection (7)(a) or (b).'.
(8) Section 46A--
insert--
'(10) In this section--
secured party has the meaning given by the Personal Property Securities Act 2009 (Cwlth), section 10.'.