Personal Property Securities Regulations 2010

For subsection 45(1) of the Act, a motor vehicle described in regulation 1.7 is prescribed.

However, in the period that ends at the end of the month that is 24 months after the registration commencement time, a motor vehicle described in regulation 1.7 is taken not to be prescribed for subsection 45(1) of the Act if:

it is subject to a transitional security interest; and

before the registration commencement time, it was not possible to register the transitional security interest by serial number on a transitional register of a State or Territory that registered security interests in motor vehicles.

For subsection 45(3) of the Act, a motor vehicle described in regulation 1.7 is prescribed.