South Australian Consolidated Acts South Australian Consolidated Acts19A—Renewal of registration of bills of sale
(2) The registration
of every bill of sale which is registered after the commencement of the Bills
of Sale Act Amendment Act 1940 , or the registration of which is renewed
after that commencement, becomes void upon the expiration of five years after
the last previous registration or (as the case may be) renewal of
registration, unless the registration is renewed within that period of five
years in the manner prescribed in this section.
(3) The renewal of a
registration is effected by lodging with the Registrar a statutory declaration
by the grantee or a person acting on the grantee's behalf, in the form and
containing the particulars set out below and declaring that the bill of sale
is still a subsisting security.
(4) The statutory
declaration must be in the following form:
(5) The Registrar must
endorse a memorandum of every renewal of the registration of a bill of sale on
the original of that bill of sale filed in the registry, and on the duplicate
thereof, if produced to him or her.
(6) This section does
not apply to—
(a) any
registered mortgage of stock as defined in the Stock Mortgages
and Wool Liens Act 1924 ; or
(b) any
registered agreement conferring a preferable lien on wool.
(7) An extension of a
bill of sale duly registered as provided in section 23 will be taken to
be a renewal of the registration of that bill of sale.
(8) A renewal of
registration is not necessary by reason only of the transfer or assignment of
a bill of sale.
(9) The fees payable
in respect of the preparation, filing and endorsement of the renewal of the
registration of a bill of sale are payable by the grantor, and if the grantee
or any other person pays them, he or she may recover them from the grantor.