Document ID: chunk:federal_register_of_legislation:C2024C00719:section:249
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 249
Character Range: 395842–397172

249  Non‑referring State operation—interests

General rule
 (1) This Act operates in a non‑referring State in relation to a security interest, or another interest, in personal property, if the interest includes an interest in any of the following:
 (a) a constitutional corporation;
 (b) money borrowed on the public credit of the Commonwealth;
 (c) an ADI account, other than an ADI account relating to State banking;
 (d) an ADI account that relates to State banking extending beyond the limits of the State concerned;
 (e) a policy of insurance, other than State insurance;
 (f) a policy of State insurance extending beyond the limits of the State concerned;
 (g) a bill of exchange or a promissory note;
 (h) copyright, a patent of an invention or design, or a trade mark;
 (i) a facility that provides postal, telegraphic, telephonic or other like services;
 (j) a fishery in Australian waters beyond territorial limits;
 (k) a lighthouse, lightship, beacon or buoy.

Constitutional interests exclusively—severable operation
 (2) Without limiting subsection (1), this Act also has the effect it would have if this Act operated in a non‑referring State in relation to a security interest, or another interest, in personal property, to the extent only that the interest were in any of the things mentioned in that subsection.