Document ID: chunk:federal_register_of_legislation:C2024C00719:section:242
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 242
Character Range: 381862–382697

242  Guide to this Part
      This Part is about the constitutional operation of this Act in the States and Territories, and outside Australia, as follows:

                (a) this Act operates in any State that has given the Commonwealth power to legislate accordingly for the purposes of paragraph 51(xxxvii) of the Constitution;
                (b) this Act operates in any State to the extent that other constitutional powers permit its operation;
                (c) this Act operates in a Territory, and outside Australia, to the extent that it can under the Constitution.
      A security interest in collateral in relation to which this Act operates under this Part has priority over a security interest in the same collateral in relation to which this Act does not operate under this Part.

Division 2—Constitutional basis