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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.7B - RECOVERING PROPERTY OR COMPENSATION FOR THE BENEFIT OF CREDITORS OF INSOLVENT COMPANY  

Division 2A - Vesting of PPSA security interests if not continuously perfected    View history reference

SECTION 588FK  INTERPRETATION AND APPLICATION  

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588FK(1)  

A word or expression used in this Division has the same meaning as in the Personal Property Securities Act 2009.

588FK(2)  

Subsection (1) applies despite any other provision of this Act (subject to subsection (4)).

588FK(3)  

For the purposes of this Division, whether or not a person has acquired actual or constructive knowledge of a circumstance is to be determined in accordance with sections 297 to 300 of the Personal Property Securities Act 2009.

588FK(4)  

In this Division:

PPSA security interest has the meaning given by section 51.

Note: As a result of this section, in this Division, company has the same meaning as in the Personal Property Securities Act 2009. At the time this section was enacted, section 10 of that Act provided that company means:

(a) a company registered under Part 2A.2 or Part 5B.1 of the Corporations Act 2001; or
(b) a registrable body that is registered under Division 1 or 2 of Part 5B.2 of that Act.


 



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