Div 6A inserted by No 96 of 2010, s 3, Sch 1, Pt 1 (effective 30 January 2012).
51D MEANING OF POSSESSORY SECURITY INTEREST
possessory security interest , in relation to property, means a security interest that is:
(a) a PPSA security interest in the property that is perfected by possession or control, within the meaning of the Personal Property Securities Act 2009; or
(b) a lien or a pledge in relation to the property.
Note: Security interests are either PPSA security interests, or charges, liens or pledges (see section 51A).
S 51D inserted by No 96 of 2010, s 3, Sch 1, Pt 1 (effective 30 January 2012).