Document ID: chunk:federal_register_of_legislation:C2012C00169:clause:2_20
Version: federal_register_of_legislation:C2012C00169
Segment Type: clause
Provision Reference: sch 2 cl 20
Character Range: 31631–32307

20  At the end of section 22
Add:

 (4) Subsection (3) does not apply in relation to an equity that is a PPSA security interest.

Note: The Personal Property Securities Act 2009 deals with the rights of purchasers of personal property (including intellectual property such as trade marks) that is subject to PPSA security interests. That Act also provides for the priority and enforcement of PPSA security interests. See the following provisions of that Act:
               (a) Part 2.5 (taking personal property free of security interests);
               (b) Part 2.6 (priority between security interests);
               (c) Chapter 4 (enforcement of security interests).