Thinking of filing you property on the Personal Property Security Register? You have to be an Australian ENTITY to register. In other words a Natural Person. (b) the grantor is an Australian entity. PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 6 Connection with Australia (1) This Act applies to a security interest in goods or financial property if: (a) the location of the goods or property is in Australia; or (b) the grantor is an Australian entity. Note: For when personal property is located in a jurisdiction, see section 235. (1A) This Act applies to a security interest in an intermediated security if: (a) the intermediary in relation to the intermediated security is located in Australia; or (b) the grantor is an Australian entity. Note: For when a person is located in a jurisdiction, see section 235. (2) This Act applies to a security interest in intangible property if: (a) the grantor is an Australian entity; or (b) the intangible property is an account that is payable in Australia; or (c) the security interest is an interest of a transferor under a transfer of intangible property that consists of an account or chattel paper, and: (i) the transferor is an Australian entity; or (ii) the account or chattel paper is payable in Australia; or (d) the intangible property is an ADI account; or (e) the intangible property is created, arises or is provided for by either or both of the following: (i) a law of the Commonwealth, a State or a Territory; (ii) the general law (to the extent to which it applies in Australia, a State or a Territory). Note: For the application of Australian and foreign law in relation to a security interest, see Part 7.2. Oxford Australian Law Dictionary Entity/corporation/natural person. https://facebook/photo.php?fbid=412192902169756&set=a.411834215538958.131459.100001371503225&type=3&theater austlii.edu.au/.../cth/consol_act/ppsa2009356/
Posted on: Mon, 18 Nov 2013 23:15:16 +0000