Queensland Numbered Acts

PERSONAL PROPERTY SECURITIES (ANCILLARY PROVISIONS) ACT 2010 No. 44 - SECT 66

(1) Schedule 1, section 11(1)(c), 'Motor Vehicles and Boats Securities Act 1986'--

omit, insert--

'Personal Property Securities Act 2009 (Cwlth)'.

(2) Schedule 1, section 11(2)--

renumber as section 11(3) .

(3) Schedule 1, section 11--

insert--

'(2) 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 (1)(a) or (b).'.

(4) Schedule 1, section 11--

insert--

'(4) In this section--

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