Document ID: chunk:federal_register_of_legislation:C2024C00719:section:332
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 332
Character Range: 481496–482465

332  Meaning of migrated security interest
  An interest in personal property is a migrated security interest in the personal property if all the following conditions are met in relation to the interest:
 (a) it is a transitional security interest in the personal property;
Note: Transitional security interests are security interests that arise under security agreements made before the registration commencement time, to which this Act will apply at the registration commencement time (see sections 307, 308 and 310).
 (b) data in a transitional register in relation to the property is:
 (i) given to the Registrar as mentioned in section 330 or 331; and
 (ii) accepted by the Registrar;
 (c) a registration in that transitional register in relation to the property was effective immediately before the time the data was given to the Registrar;
 (d) the registration in a transitional register was duly authorised by the law under which the register was maintained.