Document ID: chunk:federal_register_of_legislation:C2024C00719:section:2
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 2
Character Range: 317952–319189

2                      The particular collateral in which the person has an interest does not secure any obligation (including a payment) owed by a debtor to the secured party.  Amendment to omit the collateral.

 (2) Data removed from the register because of an amendment in compliance with the amendment demand must not be made available for search in the register by reference to any time before (or after) the time of removal, if the Registrar so decides for the purposes of this subsection.
Note 1: Application may be made to the Administrative Review Tribunal for review of the Registrar's decision that the removed data is not to be made available for search in the register (see section 191).
Note 2: Incorrectly removed data may be restored under section 186.
 (3) A secured party must not require payment for compliance with an amendment demand in relation to collateral that:
 (a) at the time the security interest attached to the collateral, the grantor intended to use predominantly for personal, domestic or household purposes; or
 (b) the grantor is using predominantly for personal, domestic or household purposes.

Division 2—Amendment demands: administrative and judicial process

Subdivision A—Administrative process