Document ID: chunk:federal_register_of_legislation:C2024C00719:section:247
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 247
Character Range: 393630–394491

247  Non‑referring State operation—persons
 (1) This Act operates in a non‑referring State, in relation to a security interest in personal property, while:
 (a) the obligation secured by the security interest is owed by or to a person covered by subsection (3); or
 (b) the grantor of the security interest is a person covered by subsection (3).
 (2) This Act operates in a non‑referring State, in relation to an interest (other than a security interest) in personal property, while the interest is held by a person covered by subsection (3).
 (3) This subsection covers the following persons:
 (a) a bankrupt or an insolvent;
 (b) an Official Receiver of the estate of a bankrupt, or a registered trustee of a bankrupt, within the meaning of the Bankruptcy Act 1966;
 (c) a constitutional corporation;
 (d) the Commonwealth, or an agency of the Commonwealth.