Personal Property Securities (Ancillary Provisions) Act 2010
sec.53Applications for registration or renewal of registration of security interests
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sec.53 Applications for registration or renewal of registration of security interests
This section applies if, after the application closing time, the chief executive receives an application for the registration, or renewal of registration, of a security interest. Despite sections 7 and 7A 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.53-ssec.1) This section applies if, after the application closing time, the chief executive receives an application for the registration, or renewal of registration, of a security interest. (sec.53-ssec.2) Despite sections 7 and 7A 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.