Document ID: chunk:federal_register_of_legislation:C2012C00169:clause:1_31fa
Version: federal_register_of_legislation:C2012C00169
Segment Type: clause
Provision Reference: sch 1 cl 31FA
Character Range: 10492–11341

31FA  Interests in statutory fishing rights options—priority between section 31F interests and PPSA security interests

Scope

 (1) This section sets out the priority between the following interests in a statutory fishing rights option:
 (a) an interest (the section 31F interest) that is the subject of a dealing (the section 31F dealing), if the dealing has effect under section 31F (by registration);
 (b) a PPSA security interest.

Priority rules

 (2) The priority is as set out in the following table:

Priority between PPSA security interests and section 31F interests
Item                                                                If …                                                                                                                                                                                                then …