Personal Property Securities (National Uniform Legislation) Implementation Act 2011 (Tas)

Personal Property Securities (National Uniform Legislation) Implementation Act 2011

An Act to provide for the implementation of a national system of registration of personal property securities, to consequentially amend and repeal other legislation and for related purposes [Royal Assent 29 April 2011]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

PART 1 - Preliminary

1. Short title This Act may be cited as the Personal Property Securities (National Uniform Legislation) Implementation Act 2011 .

2. Commencement (1) Sections 1 , 3 , 4 and 7 and this section commence on the day on which this Act receives the Royal Assent. (2) The remaining provisions of this Act commence on a day or days to be proclaimed.

3. Interpretation (1) In this Act, unless the contrary intention appears – business day means a day other than a Saturday, Sunday or public holiday; cessation time means the end of the last business day before the registration commencement time; personal property – see section 10 of the PPS Act; PPS Act means the Personal Property Securities Act 2009 of the Commonwealth; PPS Register means the Personal Property Securities Register established under section 147 of the PPS Act; PPS Registrar means the Registrar of Personal Property Securities mentioned in section 194 of the PPS Act; registration commencement time – see section 306(2) of the PPS Act; relevant Secretary, in relation to – (a) the Register of Cooperative Charges mentioned in clause 18 of Schedule 4 to the Cooperatives Act 1999 , means the Secretary of the responsible Department in relation to the Cooperatives Act 1999 ; and (b) the register kept in accordance with section 24 of the Bills of Sale Act 1900 , means the Secretary of the responsible Department in relation to the Bills of Sale Act 1900 ; and (c) the register kept under section 5 of the Motor Vehicles Securities Act 1984 , means the Secretary of the responsible Department in relation to the Motor Vehicles Securities Act 1984 ; and (d) the register kept under section 5 of the Stock, Wool, and Crop Mortgages Act 1930 , means the Secretary of the responsible Department in relation to the Stock, Wool, and Crop Mortgages Act 1930 ; repeal day, for a Tasmanian register, see section 5 ; responsible registrar, of a Tasmanian register, means the Tasmanian registrar responsible for maintaining the information in the particular Tasmanian register; Tasmanian register – see section 4 ; Tasmanian registrar means the person or body responsible for maintaining the information in a Tasmanian register under the law establishing the Tasmanian register; transitional security interest – see section 308 of the PPS Act; (2) Except as otherwise provided in this Act, terms used in this Act and in the PPS Act have the same meanings in this Act as they have in the PPS Act.