Document ID: chunk:federal_register_of_legislation:C2024C00719:section:293
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 293
Character Range: 448203–450181

293  Timing—applications for extension of time
 (1) On application, a court may make an order extending the number of business days in a period specified in the following provisions if the court is satisfied that it is just and equitable to do so:
 (a) paragraphs 62(3)(b) (perfection of purchase money security interests);
 (b) paragraphs 63(c) and (d) (priority between competing purchase money security interests);
 (c) paragraph 64(1)(b) (priority between non‑purchase money security interest and purchase money security interest);
 (d) subsection 120(3) (payment of amount owed to secured party in enforcing security interests in liquid assets);
 (e) paragraphs 121(2)(e) and (5)(a) (notice to higher priority parties and grantor of enforcement of liquid assets);
 (f) subsection 127(4) (compliance with notice from higher priority party);
 (g) subsection 127(9) (payment of amount by higher priority party);
 (h) paragraph 130(2)(c) (notice of disposal of collateral);
 (i) paragraphs 132(2)(a) and (6)(a) (giving statements of account);
 (j) paragraph 135(2)(a) (notice of retention of collateral);
 (k) subsection 138(2) (giving proof of interest);
 (l) subsection 151(3) (belief about security interest);
 (m) paragraph 166(2)(c) (when defect makes registration ineffective);
 (n) subsection 167(2) (application for amendment of registration);
 (o) subsection 182(2) (application for amendment after demand);
 (p) subsection 275(3) (information required by request).
 (2) The court may make the order even if the period has ended.
 (3) In making an order to extend a period under subsection (1), the court must take into account the following:
 (a) whether the need to extend the period arises as a result of an accident, inadvertence or some other sufficient cause;
 (b) whether extending the period would prejudice the position of any other secured parties or other creditors;
 (c) whether any person has acted, or not acted, in reliance on the period having ended.