Personal Property Securities (Ancillary Provisions) Act 2010
sec.42Applications for registration of assignments of registered liens
Start here
Get a plain-English read of sec.42
Turn the raw legal text into a practical explanation grounded in Personal Property Securities (Ancillary Provisions) Act 2010.
sec.42 Applications for registration of assignments of registered liens
This section applies if, after the application closing time, the chief executive receives an application for registration of the assignment of a registered lien. Despite sections 7E and 7F of the existing Act, the chief executive— can not deal with the application after the application closing time; and must refund any fee that accompanied the application. (sec.42-ssec.1) This section applies if, after the application closing time, the chief executive receives an application for registration of the assignment of a registered lien. (sec.42-ssec.2) Despite sections 7E and 7F of the existing Act, the chief executive— can not deal with the application after the application closing time; and must refund any fee that accompanied the application.
- (a) can not deal with the application after the application closing time; and
- (b) must refund any fee that accompanied the application.