Document ID: chunk:federal_register_of_legislation:C2013C00609:clause:1_51b
Version: federal_register_of_legislation:C2013C00609
Segment Type: clause
Provision Reference: sch 1 cl 51B
Character Range: 18957–19516

51B  Meaning of secured party
  In this Act:
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, 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 section 51A).