Queensland Numbered Acts Queensland Numbered Acts(1) Section 100(7), 'as follows'--
omit, insert--
'in the following order'.
(2) Section 100(7)(a), 'firstly,'--
omit.
(3) Section 100(7)(b), 'secondly,'--
omit.
(4) Section 100(7)(c), 'thirdly,'--
omit.
(5) Section 100(7)(c), as amended--
renumber as section 100(7)(d).
(6) Section 100(7)--
insert--
'(c) if there is an amount owing to an entity under a security interest registered for the vehicle, tram or animal under the Personal Property Securities Act 2009 (Cwlth)--the amount owing under the security interest;'.
(7) Section 100--
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 100(15)--
insert--
'secured party has the meaning given by the Personal Property Securities Act 2009 (Cwlth), section 10.'.