PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 317 Constitutional and non - constitutional interests

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 317

  (1)   Section   251 (personal property taken free of security interest when Act starts to operate) applies only in relation to security interests in collateral (other than transitional security interests) that arise at or after the registration commencement time.

  (2)   Section   252 (priority between non - constitutional security interests and constitutional security interests) applies only in relation to security interests in collateral, in relation to which this Act does not operate, that arise at or after the registration commencement time.