Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 164

Defects in registration--general rule

             (1)  A registration with respect to a security interest that describes particular collateral is ineffective because of a defect in the register if, and only if, there exists:

                     (a)  a seriously misleading defect in any data relating to the registration, other than a defect of a kind prescribed by the regulations; or

                     (b)  a defect mentioned in section 165.

             (2)  In order to establish that a defect is seriously misleading, it is not necessary to prove that any person was actually misled by it.

             (3)  A registration that describes particular collateral is not ineffective only because the registration is ineffective with respect to other collateral described in the registration.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback