Personal Property Securities (Ancillary Provisions) Act 2010
sec.56Applications for discharge of registered security interests
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sec.56 Applications for discharge of registered security interests
This section applies if, after the application closing time, the chief executive receives an application for the discharge of a registered security interest. Despite sections 14 and 15 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.56-ssec.1) This section applies if, after the application closing time, the chief executive receives an application for the discharge of a registered security interest. (sec.56-ssec.2) Despite sections 14 and 15 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.