CTHIn ForceLegislation
Personal Property Securities Regulations 2010
9.1Transitional meaning of watercraft
Start here
Get a plain-English read of 9.1
Turn the raw legal text into a practical explanation grounded in Personal Property Securities Regulations 2010.
#### 9.1 Transitional meaning of watercraft
The definition of watercraft in regulation 1.6 includes an outboard motor that has a manufacturer’s number if:
(a) the outboard motor is subject to a transitional security interest; and
(b) before the registration commencement time, the outboard motor was registered on a transitional register, under legislation that conferred priority on security interests that are registered.