Individual secured party or grantor
1.2 Individual secured party or grantor
For items 1 and 2 of the table in subsection 153(1) of the Act, this clause applies if the secured party or grantor is an individual.
The details mentioned in each item of the table, from the source mentioned for the item, are prescribed for the individual mentioned in the item.
For subclause (2), the prescribed details are the details mentioned in the item of the table that:
applies to the individual; and
has the lowest item number.
For a grantor, in addition to the details mentioned in each item of the table, the grantor’s date of birth is prescribed.
The source for a grantor’s date of birth is the source in an item of the table that:
includes details of dates of birth; and
applies to the grantor; and
has the lowest item number.
Item 1 of the table applies only to a registration by the Registrar under subsection 333(2) of the Act.
Item | Individual | Details | Source |
|---|---|---|---|
1 | Individual whose details are recorded in a transitional register, for a migrated security interest | Individual’s surname and given names, as recorded on the transitional register | Transitional register |
2 | Individual grantor who is known to the secured party, because of the operation of the AML‑CTF Act | Individual’s surname and given names, as known to the secured party, because of the operation of the AML‑CTF Act | Current data known by the secured party, because of the operation of the AML‑CTF Act |
3 | Individual who holds a current driver’s licence | Individual’s surname and given names, as recorded on the individual’s driver’s licence | Current driver’s licence issued by a State or Territory licensing authority to the individual |
4 | Individual who holds a current proof of identity or current proof of age card | Individual’s surname and given names, as recorded on a proof of identity or proof of age card issued by a State or Territory body | Current proof of identity or current proof of age card issued by a State or Territory body to the individual |
5 | Individual who holds a current Australian passport | Individual’s surname and given names, as recorded on the individual’s current Australian passport | Current Australian passport issued to the individual |
6 | Individual who holds a current visa, issued by the Australian Government | Individual’s surname and given names, as recorded on the individual’s current Australian visa | Current Australian visa issued for the individual |
7 | Individual who holds a current passport other than an Australian passport | Individual’s surname and given names, as recorded on the individual’s current passport issued by the jurisdiction in which the individual ordinarily resides | Current passport issued by the jurisdiction in which the individual ordinarily resides |
8 | Any other individual | Individual’s surname and given names, as recorded on the individual’s birth certificate | Birth certificate issued for the individual |
This Act’s bill:Explanatory statement
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