Personal Property Securities (Migrated Security Interests and Effective Registration) Determination 2011

This section applies to the registration of a transitional security interest that includes a defect that would make the registration ineffective, under section 164 or 165 of the Act.

For subsection 337 (2) of the Act, a class of registration is registrations for which the following apply:

the personal property is subject to a transitional security interest;

the transitional security interest was registered on a transitional register;

the registration of the transitional security interest in relation to the property was effective immediately before the data was given to the Registrar;

registration of the transitional security interest was authorised by the law under which the register was maintained;

at or after the migration time, but before the registration commencement time:

data relating to the personal property has been given to the Registrar, in the approved form; and

the Registrar has accepted the data;

the transitional security interest was registered under subsection 333 (2) of the Act;

the defect is that the financing statement registered by the Registrar included, or omitted to include, data, whether or not the data was recorded in the transitional register.