Document ID: chunk:federal_register_of_legislation:C2024C00719:section:254:p2
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 254 (pt 2/2)
Character Range: 402617–403893

the assignment.
 (g) operating to extinguish (however described) a security interest in circumstances other than those provided under this Act; or
 (h) providing for, or in relation to, a matter in a way that is expressly allowed by or under this Act.
Note: The following provisions of this Act expressly allow for the operation (or the limited operation) of State and Territory laws:
                 (a) section 73 (interests arising under laws of the Commonwealth, States and Territories);
                 (b) section 110 (rights and remedies of debtors and secured parties);
                 (c) section 119 (relationship with credit legislation);
                 (ca) section 140 (distribution of proceeds received by secured party);
                 (d) section 208 (cross‑jurisdictional appeals);
                 (e) section 271 (entitlement to damages for breach of duties or obligations);
                 (f) subsections 275(5) and (6) (secured party to provide certain information relating to security interest);
                 (g) section 285 (service or giving of notices).
 (3) To avoid doubt, this section does not apply to a law of a State or Territory, or the general law, to the extent that there is a direct inconsistency between this Act and that law.