secured party , in relation to a security interest, means:
(a) if the security interest is a PPSA security interest
a secured party within the meaning of the
Personal Property Securities Act 2009
(b) if the security interest is not a PPSA security interest, but consists of a charge, lien or pledge in relation to the property
a chargee, lienee or pledgee in relation to the charge, lien or pledge.
Note: Security interests are either PPSA security interests, or charges, liens or pledges (see section