1Bills of Sale Act 1886

South Australia Bills of Sale Act 1886 An Act to provide for the registration of bills of sale; to provide for the form and content of bills of sale; and for other purposes.

Contents Part 1—Preliminary 1 Short title 2 Interpretation Part 2—Form and contents of bills of sale 7 Form of bill of sale 8 Bill of sale to have effect of a deed 9 Contents of bill of sale 10 Property assignable 10A Assignments of future crops 11 Covenants and powers implied in bills of sale 11A Standard terms and conditions in bills of sale 12 Implication of certain words 12A Joint and several liability under bill of sale 12B Joint and several entitlement of grantees 13 Witnesses Part 3—Registration of bills of sale and other dealings 15 Bill of sale to be registered in General Registry Office 17 Bill of sale to be registered 17A Successive bills of sale 17B Power of Court to extend time for registration 18 Bills of sale to be registered in order of production 19 Bills of sale, how to be registered 19A Renewal of registration of bills of sale 19B Power of Court to extend time for renewal 19D Destruction of old bills of sale 19E Bills of sale registered after expiry of registration of prior bill of sale 20 Form of transfer of bill of sale 21 Bill of sale may be extended, varied or corrected 22 Discharge 23 Registration of dealings with registered bills of sale 24 Index to be kept by Registrar 25 Omissions and errors in the registry may be corrected 26 In case of variance, original to prevail 27 Search allowed Part 4—Disposition of chattels in case of insolvency or distress 28 Bills of sale to be void in certain circumstances 29 Bill of sale valid security for further advance 30 Distress for rates may be levied on goods comprised in bill of sale 31 Distress not to be levied against goods in bill of sale except for a limited amount Part 6—Miscellaneous provisions 34 Fees 36 Goods not to be sold until five days after seizure 37 Fraudulently disposing of goods 38 False declaration to be perjury 38A Paper to be used for instruments 38B Minister may discharge bill of sale in certain circumstances 39 Regulations 41 Act not to apply to chattels taken and kept by grantee within 21 days Part 7—Provisions relating to PPS Act 42 Certain provisions of Act to cease to have effect 43 Provision of information to Commonwealth 44 Immunity 45 Registrar may refuse to exercise functions 46 Registrar may dispose of certain documents 47 Regulations Part 8—Repeal of Act 48 Repeal of Act Schedule 1—Bill of sale Schedule 3—Certificate of registration to be endorsed by Registrar on each bill of sale Schedule 4—Discharge of bill of sale Schedule 5—Transfer of bill of sale Legislative history Appendix—Divisional penalties and expiation fees

The Parliament of South Australia enacts as follows: Part 1—Preliminary 1—Short title This Act may be cited as the Bills of Sale Act 1886. 2—Interpretation (1) In this Act, unless the contrary intention appears— bill of sale includes bills of sale, assignments, transfers, declarations of trust without transfer, inventories of goods with a receipt for the goods attached, or receipts for purchase-money of goods and other assurances of personal chattels, and also powers of attorney, authorities, or licences to take possession of personal chattels as security for any debt, and also any agreement, whether intended or not to be followed by the execution of any other instrument by which a right in equity to any personal chattels, or to any charge or security on personal chattels is conferred, but does not include the following documents: Assignments for the benefit of creditors made pursuant to any statutory provision, marriage settlements, transfers or assignments of any ship or vessel, or any share of a ship or vessel, stock mortgages, agreements conferring a preferable lien on wool, transfers of goods in the ordinary course of business of any trade or calling, bills of sale of goods in foreign parts or at sea, bills of lading, warehouse-keepers' certificates, dock warrants, warrants or orders for the delivery of goods, or any other documents used in the ordinary course of business, as proof of the possession or control of goods, or authorising or purporting to authorise, either by endorsement or by delivery, the possessor of such document, to transfer or receive goods referred to in the document; contemporaneous advance includes as well as a contemporaneous advance of money by the grantee to the grantor the sale of goods or property upon credit, or the drawing, accepting, endorsing, making or giving of any bill of exchange, promissory note, or guarantee, or other matter or thing by the grantee to, for, or on behalf of the grantor on the security of any bill of sale, and contemporaneously with the giving thereof; dealing with a bill of sale means transfer, assignment, extension, variation, correction or discharge of the bill of sale; grantee means the person to whom a bill of sale is given, and includes his or her executors, administrators, and assigns and where the grantee is a body corporate the term includes the successors in title of that body corporate; grantor means the person giving the bill of sale, and includes his or her executors, administrators, and assigns and where the grantor is a body corporate the term includes the successors in title of that body corporate; personal chattels means horses or cattle, furniture, goods, chattels, and other articles capable of complete transfer by delivery, and (when separately assigned or charged) fixtures or growing crops; but does not include chattel interests in real estate, nor fixtures (except trade machinery), when assigned together with a freehold or leasehold interest in any land or building to which they are affixed, nor growing crops when assigned together with any interest in the land on which they grow, nor debentures, shares, or interests in the stock, funds, or securities of any government, or in the capital or property of any company, nor choses in action; nor sheep, pigs, goats, camels, mules, or donkeys, nor wool on the sheep's back, nor more than ten horses or more than ten head of cattle belonging to one owner; PPS Act means the Personal Property Securities Act 2009 of the Commonwealth; Registrar means the Registrar-General; registration commencement time has the same meaning as in the PPS Act; registry means the General Registry Office; trade machinery means the machinery used in or attached to any factory or workshop. (2) Fixtures and growing crops will not be taken to be separately assigned or charged by reason only that they are assigned by separate words, or that power is given to sever them from the land or building to which they are affixed, or from the land on which they grow, if by the same instrument any freehold or leasehold interest in the land or building to which such fixtures are affixed, or in the land on which such crops grow, is also conveyed, mortgaged, or assigned to the same persons or person. Note— For definition of divisional penalties (and divisional expiation fees) see Appendix. Part 2—Form and contents of bills of sale 7—Form of bill of sale Every bill of sale, the registration of which is necessary, must be executed in duplicate, and may be in the form in Schedule 1. 8—Bill of sale to have effect of a deed Every bill of sale, when registered, has the effect of, and will be taken to be, a deed duly executed by the parties who have signed it. 9—Contents of bill of sale (1) Every bill of sale must contain or state— (a) the names of the grantor and grantee, their residences or places of business and occupations; but it will be sufficient to state the names by which the grantor or grantee are usually known, and, in the case of a corporation, it will be sufficient to state the corporate name, with the place or one of the places where the business of the corporation is usually carried on; (b) the name, place of residence or business, and occupation of every attesting witness. (2) A bill of sale must not be registered unless it contains the particulars required by subsection (1). 10—Property assignable (1) The classes of property referred to in paragraphs (a) and (b) may be assigned by bill of sale, and will be taken to have been assigned at law as well as in equity: (a) crops (separately assigned) growing at the time of the execution of the bill of sale, but without prejudice to the rights of a genuine purchaser or mortgagee of the land on which the crops are growing; (b) the progeny coming into existence during the operation of any bill of sale of any horses or cattle comprised in the bill of sale. (2) The assignment by bill of sale of all other after-acquired property has, subject to the other provisions of this Act, the same effect as before the passing of The Bills of Sale Act 1885. 10A—Assignments of future crops (1) Notwithstanding any enactment or rule of law to the contrary, any document executed before the registration commencement time that complied with this Act at the time of its execution, under which any person purports to assign separately whether absolutely or by way of security any crops to be grown by the assignor or on the assignor's behalf within 12 months after the execution of the document on land described in the document is a bill of sale within the meaning of this Act, and will operate to assign the ownership at law as well as in equity of the crops, but without prejudice to the rights of a genuine purchaser or mortgagee of the land on which the crops grow. (2) Crops referred to in subsection (1) are personal chattels within the meaning of this Act and a bill of sale relating to any such crops must state their nature and describe the land on which they are intended to be grown. 11—Covenants and powers implied in bills of sale The following covenants and powers will, unless negatived and subject to any modification, be implied in favour of the grantee and as to paragraph (h) as an agreement between the parties in every bill of sale for securing money executed before the registration commencement time: (a) the grantor will pay to the grantee the principal and interest money secured, or intended to be secured, by the bill of sale, at the time and in the manner provided for payment in the bill of sale; (b) the grantor will not, without the consent in writing of the grantee, sell, exchange, or fraudulently remove the personal chattels comprised in the bill of sale from the premises mentioned in the bill of sale, and will at all times keep the personal chattels in good order and condition; (c) the grantor will not permit the personal chattels comprised in the bill of sale to be distrained for any rent, rates, or taxes, nor permit any execution to be levied against his or her goods or chattels, nor become insolvent, call a meeting of his or her creditors, or make any statutory assignment for the benefit of his or her creditors; (d) the grantor will produce to the grantee, upon demand, the last receipt for all rent, rates, and taxes in respect of the premises at which the personal chattels are situated; (e) the grantee or the grantee's agents, may, at all reasonable times, enter upon the grantor's premises at which the personal chattels are kept, and view their state and condition, and the grantor will produce to the grantee or the grantee's agents the personal chattels comprised in the bill of sale, and permit the grantee or the grantee's agents to take an inventory of them; (f) if the grantor makes default in the payment of the principal or interest money secured by the bill of sale at the time provided for payment, or in the observance or performance of any one of the covenants, terms, conditions, or agreements, whether expressed or implied, in the bill of sale, it will be lawful for the grantee, without any further consent or concurrence on the part of the grantor, to enter into and upon the land, messuage, or tenement on which the personal chattels assigned are, or into or upon any other land, messuage, or tenement on or in which the personal chattels, or any other personal chattels comprised and included in the bill of sale respectively, may be, or may reasonably be supposed to be, and for that purpose to open or remove any outer or inner gate, door, fastening, or other obstruction, without liability to any action of trespass, or other proceeding for so doing; but with liberty to plead the leave and licence given in bar to any such action or proceeding, if any such be brought or instituted, and to seize and take possession of all such personal chattels, and to remove them to any other place or places for safety, convenience of sale, or for any other purpose, or permit them to remain in the place or places where they may be found, and to sell and dispose of such chattels and premises, or any of them, either together or in parcels, at such time or times, and place or places, and either by public auction or private contract, or partly by public auction and partly by private contract, to any person or persons, for such price or prices, either for cash or on credit, or partly for cash and partly on credit, and if either wholly or partly on credit, giving such time or times for payment, and taking or foregoing any security or securities for the payment of the unpaid purchase-money as the grantee may deem proper or expedient, with power for the grantee to make any other terms and conditions in regard to such sale or sales as the grantee may think proper, and also to buy in all or any of the chattels at any such sale or sales by auction, and rescind or vary any contract for sale, and again to resell or offer for resale the chattels from time to time, without being answerable or accountable for any loss, diminution in price, costs, or expenses to be occasioned by any such buying in, rescission, variance, or actual or attempted resale; (g) it will be lawful for the grantee, upon or after any such sale, to execute any contract or other document that is necessary or expedient for the purpose of making and effecting any such sale, and which will be as binding and conclusive upon and against the grantor as if the grantor had executed it. And also that the receipt or receipts in writing of the grantee for all purchase-money or other property which is paid or delivered to the grantee under or by virtue of the bill of sale, will be a good and sufficient discharge or good and sufficient discharges to all purchasers or other persons paying or delivering the same, and that the purchaser or other persons will not be required to see the application, or be answerable for the misapplication or nonapplication of the purchase-money or other property, or be bound or concerned to inquire into the propriety or expediency of any such sale or resale; (h) the grantee will out of the money which comes to the grantee's hands by reason of any such sale or sales, in the first place, discharge the costs and expenses incurred or sustained in or about such sale or sales, and all other costs, charges, and expenses incurred or occasioned in or about the execution of the powers and authorities contained in the bill of sale, and retain the balance of the money, or so much of it as may be necessary, in or towards payment and satisfaction of all money due and owing to him or her upon the security of the bill of sale, and the grantee will pay to the grantor the surplus then remaining. 11A—Standard terms and conditions in bills of sale (1) Subject to subsection (1a), a person may deposit with the Registrar for filing in the General Registry Office a document containing terms and conditions for incorporation as standard terms and conditions in bills of sale under this section. (1a) A document of a kind referred to in subsection (1) cannot be deposited with the Registrar following the last business day before the registration commencement time. (2) A bill of sale executed before the registration commencement time may provide that standard terms and conditions, as contained in a document filed by the Registrar in the General Registry Office under subsection (1)— (a) are incorporated in the bill of sale; or (b) are incorporated in the bill of sale subject to exclusions or amendments specified in the bill of sale, and, in that event, the bill of sale has effect as if those terms and conditions were (subject to any exclusions or amendments specified in the bill of sale) contained in the bill of sale. (3) Where a bill of sale makes provision for incorporation of standard terms and conditions (either with or without exclusions or amendments), the grantee must, before execution of the bill of sale by the grantor, provide the grantor with a copy of the standard terms and conditions. Penalty: Division 9 fine. (4) Non-compliance with subsection (3) does not affect the validity or effect of a bill of sale. 12—Implication of certain words The words "that the grantor will insure" in any bill of sale executed before the registration commencement time imply that the grantor will immediately insure and, so long as any money remains due on the security of the bill of sale, keep insured in some public insurance office, to be approved of by the grantee, against loss or damage by fire, in the name of the grantee, the personal chattels comprised in the bill of sale to the full amount secured by the bill of sale, and will hand over to the grantee the policy of insurance and produce to the grantee the receipts for the annual or other periodical premiums payable on account of insurance, and that all money payable by virtue of the insurance will be received by the grantee towards satisfaction of the money due on the security, and that if default is made by the grantor in effecting or keeping on foot the insurance it will be lawful for, but not obligatory upon, the grantee (without prejudice to any other remedy) to insure the personal chattels, and the money paid on account of insurance will be a charge on the personal chattels. 12A—Joint and several liability under bill of sale Where two or more persons are liable upon the same engagement in a bill of sale executed before the registration commencement time, their liability is, unless the contrary intention is expressed, joint and several. 12B—Joint and several entitlement of grantees Where two or more persons are registered as the grantees of a bill of sale executed before the registration commencement time, they are severally as well as jointly entitled to— (a) the payment of principal and interest secured by the bill of sale; and (b) the observance and performance of the covenants, terms, conditions or agreements, whether expressed or implied, in the bill of sale, except insofar as a contrary intention is expressed in the bill of sale. 13—Witnesses The execution of a bill of sale, or any dealing with a bill of sale, must be attested by one or more credible witnesses, not being a party or parties to the bill of sale or the dealing with the bill of sale. Part 3—Registration of bills of sale and other dealings 15—Bill of sale to be registered in General Registry Office (1) Subject to subsection (2), all bills of sale, and every subsequent dealing capable of being registered must be registered in the General Registry Office. (2) A bill of sale or subsequent dealing is not to be registered under this Act following the last business day before the registration commencement time. 17—Bill of sale to be registered Subject to this Act, every bill of sale must be registered within 60 days from the date of its execution. 17A—Successive bills of sale Where a subsequent bill of sale is executed within or on the expiration of 60 days after the execution of a prior unregistered bill of sale, and comprises all or any part of the personal chattels comprised in the prior bill of sale, then, if that subsequent bill of sale is given as a security for the same debt as is secured by the prior bill of sale, or for any part of that debt, it will to the extent to which it is a security for the same debt or part of it, and so far as respects the personal chattels or part of them comprised in the prior bill, be absolutely void, unless it is proved to the satisfaction of the court having cognizance of the case that the subsequent bill of sale was genuinely given for the purpose of correcting some material error in the prior bill of sale, and not for the purpose of evading this Act. 17B—Power of Court to extend time for registration Where— (a) a bill of sale is not registered within the prescribed time; and (b) the Supreme Court, on the application of the grantee or the holder of the bill of sale or of any other person interested, is satisfied that the failure to register the bill of sale within the prescribed time was accidental or that on other grounds it is just and equitable to grant relief, the Supreme Court may, on such terms and conditions as the Court thinks just, by order, extend the time for registration for such period as is specified in the order. 18—Bills of sale to be registered in order of production All bills of sale must be registered in the order of time in which they are produced in registrable form for that purpose, and will, in respect to the personal chattels to which they apply, be entitled to priority according to the time of production. 19—Bills of sale, how to be registered For the purpose of registration every bill of sale must be lodged in duplicate with the Registrar, who must endorse upon each duplicate a certificate of registration, stating the consecutive registration number of the bill of sale, and the day and hour of its production for registration, and the certificate must be in the form of Schedule 3, and be authenticated by the seal and signature of the Registrar, and one duplicate (hereinafter called the original) must be filed in the registry, and the other (hereinafter called the duplicate) must be delivered to the person entitled to it, and the production of the original, or of the duplicate, with the certificate duly endorsed on it, is prima facie evidence of the due registration of the bill of sale. 19A—Renewal of registration of bills of sale (2) The registration of every bill of sale which is registered after the commencement of the Bills of Sale Act Amendment Act 1940, or the registration of which is renewed after that commencement, becomes void upon the expiration of five years after the last previous registration or (as the case may be) renewal of registration, unless the registration is renewed within that period of five years in the manner prescribed in this section. (2a) However, the registration of a bill of sale under this Act cannot be renewed following the registration commencement time. (3) The renewal of a registration is effected by lodging with the Registrar a statutory declaration by the grantee or a person acting on the grantee's behalf, in the form and containing the particulars set out below and declaring that the bill of sale is still a subsisting security. (4) The statutory declaration must be in the following form: