South Australian Numbered Acts

STATUTES AMENDMENT (PERSONAL PROPERTY SECURITIES) ACT 2011 (NO 11 OF 2011) - SECT 16

16—Amendment of section 38B—Minister may discharge bill of sale in certain circumstances

        (1)         Section 38B(1)—delete "Where all money" and substitute:

Subject to subsection (1aa), if all money

        (2)         Section 38B—after subsection (1) insert:

        (1aa)         The Minister may not execute a discharge of a bill of sale after the registration commencement time.

        (3)         Section 38B(2)—delete "The Minister may" and substitute:

Subject to subsection (2a), the Minister may

        (4)         Section 38B—after subsection (2) insert:

        (2a)         The Minister may not receive money under subsection (2) after the registration commencement time.