Document ID: chunk:federal_register_of_legislation:C2024C00719:section:248
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 248
Character Range: 394491–395842

248  Non‑referring State operation—activities
 (1) This Act operates in a non‑referring State in relation to a security interest, or another interest, in personal property, if the interest arises in the course of any of the following activities:
 (a) trade or commerce with other countries, or among the States;
 (b) activities undertaken by a constitutional corporation;
 (c) banking, other than State banking;
 (d) State banking extending beyond the limits of the State concerned;
 (e) insurance, other than State insurance;
 (f) State insurance extending beyond the limits of the State concerned;
 (g) using postal, telegraphic, telephonic, or other like services;
 (h) supplying goods or services to the Commonwealth, or an agency of the Commonwealth;
 (i) conduct by the Commonwealth, or an agency of the Commonwealth;
 (j) an activity related to a fishery in Australian waters beyond territorial limits.
 (2) However, this Act stops operating under subsection (1) in a non‑referring State in relation to a security interest, or another interest, in personal property, if, after the interest arises:
 (a) the interest is dealt with; and
 (b) that dealing is not in the course of an activity to which subsection (1) applies.
 (3) Subsection (2) does not limit the operation of this Act in a non‑referring State otherwise than under this section.