Document ID: chunk:federal_register_of_legislation:C2012C00169:clause:2_16
Version: federal_register_of_legislation:C2012C00169
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 29452–30120

16  At the end of section 20
Add:

Note 1: The Personal Property Securities Act 2009 applies to PBR, and any licence in PBR, as intellectual property (see paragraph (d) of the definition of that phrase in section 10 of that Act). That Act deals with security interests in personal property, including intellectual property and intellectual property licences.

Note 2: Section 106 of the Personal Property Securities Act 2009 corresponds to subsection 20(3) of this section. Section 106 of that Act provides for security agreements in relation to intellectual property licences (or sub‑licences) to be binding on successors in title to the licences (or sub‑licences).