Document ID: chunk:federal_register_of_legislation:F2022C00632:clause:1_5
Version: federal_register_of_legislation:F2022C00632
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 42915–44654

5     Any other body corporate                                                                                                            Name of body corporate, as provided for in body corporate's constitution or equivalent document  Body corporate's constitution or equivalent document

1.4  Secured party or grantor is a partner
 (1) For items 1 and 2 of the table in subsection 153(1) of the Act, this clause applies if the secured party or grantor is a partner in a partnership.
 (2) The details mentioned in each item of the table, from the source mentioned for the item, are prescribed for the partner mentioned in the item.
 (3) For subclause (2), the prescribed details are the details mentioned in the item of the table that:
 (a) applies to the partner; and
 (b) has the lowest item number.
 (4) Item 1 of the table applies only to a registration by the Registrar under subsection 333(2) of the Act.
 (5) Despite subclause (2), if an individual partner grants a security interest over the partner's net interest in a partnership, the prescribed details are the details mentioned in the item of the table in clause 1.2 that:
 (a) applies to the partner; and
 (b) has the lowest item number.
 (6) Despite item 3 of the table, if a body corporate is a partner in a partnership that does not have an ABN, the prescribed details are the details mentioned in the item of the table in clause 1.3 that:
 (a) applies to the body corporate; and
 (b) has the lowest item number.

Item  Partner                                                                                                                                          Details                                                                                             Source