Document ID: chunk:federal_register_of_legislation:F2021C00019:reg:5:p2
Version: federal_register_of_legislation:F2021C00019
Segment Type: reg
Provision Reference: reg 5 (pt 2/2)
Character Range: 5631–7652

a right referred to in paragraph (e) or (f), or in subsection 6(1), (2), (3) or (3A) (as applicable), whether or not an amount is due for payment, will or may become due for payment, or is unpaid;
Note: The rights referred to in this paragraph include:
(a) a right to accelerate or otherwise vary a date for payment of an amount;
                  (b) a right to convert or exchange amounts denominated in different currencies; and
(c) a right to crystallise a security interest.
 (h) a right to:
 (i) assign or otherwise transfer rights or obligations; or
 (ii) novate rights or obligations;
 (i) a right:
 (i) for property that is subject to a circulating security interest to become subject to a non‑circulating security interest; or
 (ii) for a floating charge over property to operate as a fixed charge; or
 (iii) for property consisting of accounts or chattel paper to be transferred to a secured party by way of security; or
 (iv) that restricts the grantor of a security interest in property from dealing with the property;
 (j) a right:
 (i) to perform obligations; or
 (ii) to engage another person to perform obligations; or
 (iii) to enforce rights; or
 (iv) to engage another person to enforce rights;
  of the specified person under a contract, agreement or arrangement;
 (k) a right to enforce a possessory security interest in circumstances where paragraphs 440JA(b), (c) and (d) of the Act are satisfied;
 (l) a right to enforce a possessory security interest in circumstances where paragraphs 453X(b), (c) and (d) of the Act are satisfied.
 (5) In paragraph (4)(i), words and expressions that are defined for the purposes of the Personal Property Securities Act 2009 have the same meanings.
 (6) For the purposes of paragraph (4)(k), the reference to the company in paragraph 440JA(b) of the Act is taken to be a reference to the specified person.
 (7) For the purposes of paragraph (4)(l), the reference to the company in paragraph 453X(b) of the Act is taken to be a reference to the specified person.