Document ID: chunk:federal_register_of_legislation:F2022C00632:front:0:p6
Version: federal_register_of_legislation:F2022C00632
Segment Type: other
Provision Reference: 
Character Range: 13454–16310

small aircraft means an aircraft other than an airframe, aircraft engine or helicopter.
sub‑fund, of a CCIV, has the same meaning as in the Corporations Act 2001.
vehicle identification number, for a motor vehicle, means a number allocated to the vehicle in accordance with national standards, as in force from time to time, made under the Motor Vehicle Standards Act 1989.
watercraft means a boat or vessel, other than a seaplane, that:
 (a) is used, or intended to be used, in navigation by water or for any other purpose on water; and
 (b) that has:
 (i) a hull identification number; or
 (ii) an official number, within the meaning of the Shipping Registration Regulations 2019, issued by the Registrar of Ships (within the meaning of the Shipping Registration Act 1981).
Note 1: For the meaning of watercraft, see also regulation 9.1.
Note 2: Several other words and expressions used in these Regulations have the meaning given by the Act, for example:
                * ABN
                * account
                * after‑acquired property
                * chattel paper
                * crops
                * financial property
                * goods
                * intangible property
                * intermediated security
                * investment instrument
                * livestock
                * National Credit Code
                * negotiable instrument
                * transitional register.

1.7  Meaning of motor vehicle
 (1) For the definition of motor vehicle in section 10 of the Act, personal property described in subregulation (2) or (3) is a motor vehicle.
 (2) The personal property:
 (a) is built to be propelled, wholly on land, by a motor that forms part of the property; and
 (b) is capable of a speed of at least 10 km/h; and
 (ba) has one or more motors that have a total power greater than 200 W; and
 (c) has any of the following:
 (i) a vehicle identification number;
 (ii) a chassis number;
 (iii) the manufacturer's number; and
 (d) does not run on rails, tram lines or other fixed path.
 (3) The personal property:
 (a) is capable, when being towed by, or attached to, a motor vehicle, of travelling at a speed greater than 10 km/h; and
 (b) is a piece of machinery or equipment that is equipped with wheels and designed to be attached to, or towed by, a motor vehicle; and
 (c) has any of the following:
 (i) a vehicle identification number;
 (ii) a chassis number;
 (iii) the manufacturer's number.

1.8  Meaning of security interest
  For paragraph 12(5)(b) of the Act, the extinguishment of a beneficial interest in an account or chattel paper is not a security interest.

1.9  Meaning of PPS lease
 (1) For paragraph 13(2)(d) of the Act, a lease or bailment is not a PPS lease if it is part of a pooling arrangement.
 (2) In subregulation (1):
pooling arrangement means an arrangement that