Personal Property Securities (Ancillary Provisions) Act 2010
sec.21Requests to register discharge or change in particulars
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sec.21 Requests to register discharge or change in particulars
This section applies if— before the repeal, the borrower in relation to a registered security interest made a request to the lender under section 18F (1) of the existing Act in relation to the security interest; and at the time of the repeal, the lender had not complied with section 18F (2) of the existing Act in relation to the request. Despite the repeal, section 18F continues to apply to the request. However, subsection (4) applies if the lender— has been given a notice under section 18F (4) ; and has not complied with section 18F (5) (a) or (b) before the end of the notice period. The chief executive must ask the PPS registrar to, in accordance with the request under section 18F (1) — register the discharge in the PPS register; or change the particulars included in the PPS register. (sec.21-ssec.1) This section applies if— before the repeal, the borrower in relation to a registered security interest made a request to the lender under section 18F (1) of the existing Act in relation to the security interest; and at the time of the repeal, the lender had not complied with section 18F (2) of the existing Act in relation to the request. (sec.21-ssec.2) Despite the repeal, section 18F continues to apply to the request. (sec.21-ssec.3) However, subsection (4) applies if the lender— has been given a notice under section 18F (4) ; and has not complied with section 18F (5) (a) or (b) before the end of the notice period. (sec.21-ssec.4) The chief executive must ask the PPS registrar to, in accordance with the request under section 18F (1) — register the discharge in the PPS register; or change the particulars included in the PPS register.
- (a) before the repeal, the borrower in relation to a registered security interest made a request to the lender under section 18F (1) of the existing Act in relation to the security interest; and
- (b) at the time of the repeal, the lender had not complied with section 18F (2) of the existing Act in relation to the request.
- (a) has been given a notice under section 18F (4) ; and
- (b) has not complied with section 18F (5) (a) or (b) before the end of the notice period.
- (a) register the discharge in the PPS register; or
- (b) change the particulars included in the PPS register.