Personal Property Securities (Ancillary Provisions) Act 2010 (Qld)

Personal Property Securities (Ancillary Provisions) Act 2010

An Act to provide for matters ancillary to the referral of matters by the Personal Property Securities (Commonwealth Powers) Act 2009 to the Parliament of the Commonwealth, to repeal the Bills of Sale and Other Instruments Act 1955, the Liens on Crops of Sugar Cane Act 1931 and the Motor Vehicles and Boats Securities Act 1986, to amend the Cooperatives Act 1997 and to make consequential amendments to the legislation mentioned in chapter 4

Chapter 1 Preliminary

1 Short title This Act may be cited as the Personal Property Securities (Ancillary Provisions) Act 2010.

2 Commencement This Act, other than sections 3 and 4 and chapter 2, part 1, commences on a date to be fixed by proclamation.

3 Purpose The purpose of this Act is to enact ancillary provisions, including transitional provisions, relating to the enactment of the Personal Property Securities Act 2009 (Cwlth).

4 Definitions In this Act— account has the meaning given by the PPS Act, section 10. application closing time, for an application under a Queensland register Act, means— (a) if the application is made online— (i) 5.00pm on the last business day immediately before the registration commencement time; or (ii) an earlier day prescribed by regulation; or (b) if the application is made on paper— (i) 5.00pm on the day before the last business day immediately before the registration commencement time; or (ii) an earlier day prescribed by regulation. attaches, in relation to a security interest, has the meaning given by the PPS Act, section 19. chattel paper has the meaning given by the PPS Act, section 10. circulating asset has the meaning given by the PPS Act, section 340. grantor has the meaning given by the PPS Act, section 10. perfected, in relation to a security interest, has the meaning given by the PPS Act, section 21. personal property has the meaning given by the PPS Act, section 10. PPS Act means the Personal Property Securities Act 2009 (Cwlth). PPS register means the Personal Property Securities Register under the PPS Act. PPS registrar means the Registrar of Personal Property Securities under the PPS Act. Queensland register means any of the following— (a) the register of security interests kept under the Bills of Sale and Other Instruments Act 1955; (b) the register of cooperative charges kept under the Cooperatives Act 1997; (c) the register of liens kept under the Liens on Crops of Sugar Cane Act 1931; (d) the register of security interests kept under the Motor Vehicles and Boats Securities Act 1986. Queensland register Act means any of the following— (a) the Bills of Sale and Other Instruments Act 1955; (b) the Cooperatives Act 1997; (c) the Liens on Crops of Sugar Cane Act 1931; (d) the Motor Vehicles and Boats Securities Act 1986. registration commencement time has the meaning given by the PPS Act, section 306. security interest has the meaning given by the PPS Act, section 12.