Commonwealth Numbered Acts

PERSONAL PROPERTY SECURITIES ACT 2009 (NO. 130, 2009) - SECT 6

             (1)  This Act applies to a security interest in goods or financial property if:

                     (a)  the location of the goods or property is in Australia; or

                     (b)  the grantor is an Australian entity.

Note:          For when personal property is located in a jurisdiction, see section 235.

             (2)  This Act applies to a security interest in intangible property if:

                     (a)  the grantor is an Australian entity; or

                     (b)  the intangible property is an account that is payable in Australia; or

                     (c)  the intangible property is an assignment of an account or chattel paper if:

                              (i)  the assignor is an Australian entity; or

                             (ii)  the account or chattel paper is payable in Australia; or

                     (d)  the intangible property is an ADI account; or

                     (e)  the intangible property is created, arises or is provided for by a law of the Commonwealth, a State or a Territory.

Note:          For the application of Australian and foreign law in relation to a security interest, see Part 7.2.