Document ID: chunk:federal_register_of_legislation:C2013C00609:clause:1_6
Version: federal_register_of_legislation:C2013C00609
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 17037–17757

6  Section 9 (definition of retention of title clause)
Repeal the definition, substitute:
retention of title clause: property is subject to a retention of title clause under a contract for the sale of property:
 (a) if the contract contains a provision the effect of which is that the seller retains title in the property until the purchase price, or another amount, has been paid in full; and
 (b) if the purchase price, or the other amount, as the case may be, has not been paid in full; and
 (c) to the extent that the contract does not give rise to a PPSA security interest in the property.
Note: See also the definitions of PPSA security interest in section 51 and PPSA retention of title property in section 51F.