43 (1) Arrears owing from time to time under a support order are, upon registration by the Director or the recipient with the registrar under the Personal Property Security Act of a notice claiming a lien and charge under this section, a lien and charge on any interest in all the personal property in Ontario owned or held at the time of registration or acquired afterwards by the payor.  1996, c. 31, s. 43 (1). Amounts included and priority (2) The lien and charge is in respect of the arrears owed by the payor under a support order at the time of registration of the notice and the arrears owed by the payor under the support order which accrue afterwards while the notice remains registered and, upon registration of a notice of lien and charge, the lien and charge has priority over, (a) any perfected security interest registered after the notice is registered; (b) any security interest perfected by possession after the notice is registered; and (c) any encumbrance or other claim that is registered against or that otherwise arises and affects the payor’s property after the notice is registered.  1996, c. 31, s. 43 (2). Exception (3) For the purpose of subsection (2), the notice of lien and charge does not have priority over a perfected purchase money security interest in collateral or its proceeds and shall be deemed to be a security interest perfected by registration for the purpose of the priority rules under section 28 of the Personal Property Security Act.  1996, c. 31, s. 43 (3). Effective period (4) The notice of lien and charge is effective from the time assigned to its registration by the registrar or branch registrar until its discharge or expiry.  1996, c. 31, s. 43 (4). Secured party (5) In addition to any other rights and remedies, if any arrears under a support order remain unpaid, the Director or recipient, as the case may be, has, in respect of the lien and charge, (a) all the rights, remedies and duties of a secured party under sections 17, 59, 61, 62, 63 and 64, subsections 65 (4), (5), (6) and (7) and section 66 of the Personal Property Security Act; (b) a security interest in the collateral for the purpose of clause 63 (4) (c) of that Act; and (c) a security interest in the personal property for the purposes of sections 15 and 16 of the Repair and Storage Liens Act, if it is an article as defined in that Act.  1996, c. 31, s. 43 (5). Registration of documents (6) The notice of lien and charge shall be in the form of a financing statement as prescribed by regulation under the Personal Property Security Act and may be tendered for registration at a branch office as provided in Part IV of that Act.  1996, c. 31, s. 43 (6). Errors in documents (7) The notice of lien and charge is not invalidated nor its effect impaired by reason only of an error or omission in the notice or in its execution or registration, unless a reasonable person is likely to be materially misled by the error or omission.  1996, c. 31, s. 43 (7). Bankruptcy and Insolvency Act (Canada) unaffected (8) Subject to Crown rights provided under section 87 of the Bankruptcy and Insolvency Act (Canada), nothing in this section affects or purports to affect the rights and obligations of any person under that Act.  1996, c. 31, s. 43 (8).