Personal Property Securities Regulations 2010

For subsection 322(3) of the Act, a transitional security interest is prescribed if, before the registration commencement time it was:

registrable on a transitional register, under legislation that conferred priority on security interests that are registered; and

not registered.

Subregulation (1) does not apply to a transitional security interest if:

it is a charge that, under section 262 of the Corporations Act 2001, is required to be registered; and

for subsection 265(9) of Corporations Act 2001, it is taken not to have been registered.