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Air Services Act 1995
62Cessation of statutory lien
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62 Cessation of statutory lien
(1) A statutory lien ceases to have effect in the following cases, and not otherwise: (a) when there is no longer any outstanding amount covered by the statutory lien; (b) when the aircraft is sold under section 67; (c) when an authorised employee directs in writing that the statutory lien ceases to have effect. (2) When a lien ceases to have effect, the Registrar must make an entry in the Register as prescribed by the regulations.