South Australian Numbered Acts

STATUTES AMENDMENT (PERSONAL PROPERTY SECURITIES) ACT 2011 (NO 11 OF 2011) - SECT 47

47—Amendment of section 4—Powers of mercantile agent with respect to disposition of goods

        (1)         Section 4(5)—delete "an interest that is registered under the Goods Securities Act 1986 " and substitute:

a security interest that is the subject of a financing statement registered under the Personal Property Securities Act 2009 of the Commonwealth

        (2)         Section 4—after subsection (5) insert:

        (6)         In subsection (5), "security interest" and "financing statement have the same respective meanings as in the Personal Property Securities Act 2009 of the Commonwealth.