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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 156 Verification statements--Registrar to give to secured parties

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 156

Verification statements--Registrar to give to secured parties

  (1)   The Registrar must ensure that a verification statement in relation to a registration event is given to the following persons:

  (a)   a person registered as a secured party in the registration immediately before the time of the registration event;

  (b)   a person registered as a secured party in the registration immediately after the time of the registration event.

Note:   This section does not apply in relation to a registration event if the Registrar publishes a verification statement in relation to the event under section   158.

  (2)   If a registration event involves the amendment of a registration to change an address (including an email address or a fax number) for the giving of notices to a secured party, the Registrar must ensure that the verification statement is given to the secured party at both the previously registered address and the address as changed.

  (3)   If a registration event involves the amendment of a registration to omit a secured party, the Registrar must ensure that the verification statement in relation to the event is given to the secured party at the previously registered address for the secured party.