9
CurrentCompensation provisions under existing Act
Schedule 1Savings, transitional and other provisions consequent on enactment of Personal Property Securities Act 2009 of the Commonwealth
Part 2Savings and transitional provisions relating to transfer of functions to Commonwealth
Division 2Interests to which Registration of Interests in Goods Act 1986 applies
9 Compensation provisions under existing Act
(1)
The provisions of sections 13 and 14 of the existing Act continue to apply after the registration commencement time in relation to the determination of compensation for loss sustained in connection with an application for registration of a registrable interest (within the meaning of that Act) that was made before that time.
(2)
The provisions of section 15 of the existing Act continue to apply in relation to decisions of the Director-General made before the registration commencement time.
This Act’s bill:Explanatory memorandumSecond reading speech
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