Personal Property Securities (National Uniform Legislation) Implementation Act 2011
17Licences used as collateral under bill of sale
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17 Licences used as collateral under bill of sale
(1) If a licence has been used as collateral under a bill of sale registered under the Bills of Sale Act 1900 , the Commissioner of Corporate Affairs may provide, to a person responsible for maintaining the relevant register of licences, information and supporting evidence that the licence has been used as collateral under a bill of sale.
(2) On receipt of the information under subsection (1) , the person responsible for maintaining the relevant register of licences is to enter that information on the register relating to the licence kept by that person.