Document ID: chunk:federal_register_of_legislation:C2024C00591:section:31fa
Version: federal_register_of_legislation:C2024C00591
Segment Type: section
Provision Reference: s 31FA
Character Range: 110886–111731

31FA  Interests in statutory fishing rights options—priority between section 31F interests and PPSA security interests

Scope
 (1) This section sets out the priority between the following interests in a statutory fishing rights option:
 (a) an interest (the section 31F interest) that is the subject of a dealing (the section 31F dealing), if the dealing has effect under section 31F (by registration);
 (b) a PPSA security interest.

Priority rules
 (2) The priority is as set out in the following table:

Priority between PPSA security interests and section 31F interests
Item                                                                If …                                                                                                                                                                                                then …