New South Wales Consolidated Acts

WORKERS COMPENSATION ACT 1987 - SECT 279

279 Enforcement of interests in certain assets and deposits in priority over Authority or Nominal Defendant prevented

(1) This section applies in relation to the following assets and deposits ( "affected assets or deposits"):

(a) any amount of money deposited as required under section 172A,

(b) any assets of an insurer in respect of which the Authority has taken a charge or other security under section 182 (1) (c),

(c) any amount of money deposited as required under section 213 or the deposit of securities of equal value deposited under section 215.

(2) A person may not enforce an interest in affected assets or deposits (whether or not a PPS security interest) in priority over the interest of the Authority or the Nominal Defendant in the assets or deposits.

(3) Subsection (2) extends to an interest created or arising before the commencement of this section.

(4) In this section:
"PPS security interest" means a security interest to which the Personal Property Securities Act 2009 of the Commonwealth applies (including a transitional security interest within the meaning of that Act).