Document ID: chunk:federal_register_of_legislation:C2024C00719:section:6
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 6
Character Range: 30232–31676

6  Connection with Australia
 (1) This Act applies to a security interest in goods or financial property if:
 (a) the location of the goods or property is in Australia; or
 (b) the grantor is an Australian entity.
Note: For when personal property is located in a jurisdiction, see section 235.
 (1A) This Act applies to a security interest in an intermediated security if:
 (a) the intermediary in relation to the intermediated security is located in Australia; or
 (b) the grantor is an Australian entity.
Note: For when a person is located in a jurisdiction, see section 235.
 (2) This Act applies to a security interest in intangible property if:
 (a) the grantor is an Australian entity; or
 (b) the intangible property is an account that is payable in Australia; or
 (c) the security interest is an interest of a transferor under a transfer of intangible property that consists of an account or chattel paper, and:
 (i) the transferor is an Australian entity; or
 (ii) the account or chattel paper is payable in Australia; or
 (d) the intangible property is an ADI account; or
 (e) the intangible property is created, arises or is provided for by either or both of the following:
 (i) a law of the Commonwealth, a State or a Territory;
 (ii) the general law (to the extent to which it applies in Australia, a State or a Territory).
Note: For the application of Australian and foreign law in relation to a security interest, see Part 7.2.