Document ID: chunk:federal_register_of_legislation:C2004A02877:body:0:p2
Version: federal_register_of_legislation:C2004A02877
Segment Type: other
Provision Reference: 
Character Range: 2643–5394

purposes of this sub-paragraph; or
              (vii) a right or interest, or a right or interest included in a class or kind of rights or interests, declared by the regulations to be an exempt right or interest, or a class or kind of exempt rights or

              interests, for the purposes of Division 6 of Part IV;"; and
     (b) by inserting after the definition of "Table B" in sub-section (1) the following definition:
         " 'time-sharing scheme' means a scheme, undertaking or enterprise—
              (a) participants in which are, or may become, entitled to use, occupy or possess, for 2 or more periods during the period for which the scheme, undertaking or enterprise is to operate, property to which the scheme, undertaking or enterprise relates; and
              (b) that is to operate for a period of not less than 3 years;".

Charges required to be registered
5. Section 200 of the Principal Act is amended by inserting after sub-section (4) the following sub-sections:
"(4a) The reference in paragraph (1) (h) to a lien or charge on a crop, a lien or charge on wool or a stock mortgage includes a reference to a security (however described) that is registrable under—
     (a) a provision that is a relevant provision for the purposes of this sub-section;
     (b) a provision of a law of a participating State or participating Territory that is a relevant provision for the purposes of a provision of a law of that State or Territory that corresponds with this sub-section; or
     (c) a provision of a law of a State or of another Territory (other than a participating State or participating Territory) that corresponds with a provision that is a relevant provision for the purposes of this sub-section.
"(4b) Each of the provisions of Parts IV and V of the Instruments Ordinance 1933 is a relevant provision for the purposes of sub-section (4a).".

6. Section 211 of the Principal Act is repealed and the following section is substituted:

Registration under other legislation relating to charges
"211. (1) Where, whether before or after the prescribed time, a notice in relation to a charge was or is required to be lodged with the Commission under this Division or the corresponding provisions of the law of a participating State or participating Territory—
     (a) the charge is not required to be registered under the provisions of the Instruments Ordinance 1933;
     (b) no provision of that Ordinance relating to priorities applies to or in relation to the charge; and

     (c) a failure to register the charge under that Ordinance does not affect the validity, or limit the effect, of the charge.
"(2) Where—
     (a) a transfer, assignment or giving of security, whether before or after the prescribed time, by