Document ID: chunk:federal_register_of_legislation:C2024C00719:section:253
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 253
Character Range: 399130–400175

253  Guide to this Part

      This Part deals with the interaction of this Act with other Australian laws.
      This Act is not intended to exclude or limit the operation of any other law if that other law is capable of operating concurrently with this Act.
      If there is an inconsistency between this Act and another law, regulations may be made to resolve the inconsistency.
      Other laws prevail over this Act in certain situations, as follows:

                (a) certain specified Commonwealth laws prevail;
                (b) other laws may govern security agreements;
                (c) other laws may include restrictions on acquiring or dealing with personal property or a security interest;
                (d) State or Territory laws may exclude certain matters from coverage under this Act.
      However this Act prevails over other laws in relation to certain requirements relating to the registration and form of security interests, and their assignment, attachment and perfection.

Division 2—Concurrent operation