Effect of charge on conveyance
605 Effect of charge on conveyance
A charge on a conveyance created by section 604 has priority over any other interest in the conveyance (including a security interest within the meaning of the Personal Property Securities Act 2009).
Subsection 73(2) of the Personal Property Securities Act 2009 applies to the charge.
The effect of this subsection is that the priority between the Commonwealth’s charge and a security interest in the conveyance to which the Personal Property Securities Act 2009 applies is to be determined in accordance with this Act rather than the Personal Property Securities Act 2009.
The charge remains in force until:
the cost‑recovery charge mentioned in subsection 604(1) is paid; or
the conveyance is sold under section 610.
To avoid doubt, the charge is not affected by any change in ownership of the conveyance.
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