Document ID: chunk:federal_register_of_legislation:C2023A00076:clause:2_16
Version: federal_register_of_legislation:C2023A00076
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 35565–36109

16  Section 9 (definition of circulating security interest)
Repeal the definition, substitute:
circulating security interest means a security interest that is:
 (a) a PPSA security interest, if:
 (i) the security interest has attached to a circulating asset within the meaning of the Personal Property Securities Act 2009; and
 (ii) the grantor (within the meaning of that Act) has title to the asset; or
 (b) a floating charge.
Note: Security interests are either PPSA security interests, or charges, liens or pledges: see security interest.