Document ID: chunk:federal_register_of_legislation:C2012C00169:clause:3_33
Version: federal_register_of_legislation:C2012C00169
Segment Type: clause
Provision Reference: sch 3 cl 33
Character Range: 46000–46666

33  Application—items 15, 17 to 19 and 22 to 24

(1) The amendments of the Shipping Registration Act 1981 made by items 15, 17 to 19 and 22 to 24 of this Schedule apply in relation to an interest of a mortgagor in a mortgage of a ship, or of a share in a ship, regardless of when the interest arose.

(2) However, interests that are mortgages registered under the Shipping Registration Act 1981 before the time the items covered by subitem (1) commence have the priority between themselves that they would have had under that Act as in force immediately before that time, subject to Chapter 9 (Transitional provisions) of the Personal Property Securities Act 2009.