Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_44
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 44
Character Range: 45778–46501

44  Section 9 (definition of secured party)
Repeal the definition, substitute:
secured party, in relation to a security interest, means:
 (a) if the security interest is a PPSA security interest—a secured party within the meaning of the Personal Property Securities Act 2009; or
 (b) if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property—a chargee (including a person in whose favour a charge is to be given or executed, whether on demand or otherwise, under an agreement), lienee or pledgee in relation to the charge, lien or pledge.
Note: Security interests are either PPSA security interests, or charges, liens or pledges: see security interest.