Document ID: chunk:federal_register_of_legislation:C2012C00169:clause:3_10
Version: federal_register_of_legislation:C2012C00169
Segment Type: clause
Provision Reference: sch 3 cl 10
Character Range: 39030–39902

10  After subsection 298(2)
Insert:

 (2A) A charge that arises under subsection (2) has priority over any PPSA security interest in the ship.

 (2B) Subsection 73(2) of the Personal Property Securities Act 2009 applies to a charge that arises under subsection (2).

Note 1: The effect of subsection (2B) is that the priority between a charge that arises under subsection (2) and a PPSA security interest is to be determined in accordance with this Act rather than the Personal Property Securities Act 2009.

Note 2: Subsection 73(2) of the Personal Property Securities Act 2009 applies to charges that arise under subsection (2) that arise after the commencement of subsection (2B) of this section (which commences at the registration commencement time within the meaning of the Personal Property Securities Act 2009).

Protection of the Sea (Civil Liability) Act 1981