34Application to Registrar of Personal Property Securities

34 Application to Registrar of Personal Property Securities

34 Application to Registrar of Personal Property Securities

(1) Subsection (2) applies if—

(a) a thing or sample becomes the property of the Regulator under section 563 of the Law; and

(b) there is a registered interest in relation to the thing or sample; and

(c) any appeal period has ended.

(2) The Regulator must do anything necessary under the Personal Property Securities Act 2009 of the Commonwealth to record in the Register the Regulator’s ownership or to remove the registration.

(3) In this section—

appeal period means—

(a) any period in which a review in relation to a forfeiture must be started; and

(b) if a review is started, any further period until the end of the review and the end of any period in which an appeal may be started against a review decision; and

(c) if an appeal is started, any further period until the appeal is ended.