QLDIn ForceAct
Property Law Act 2023
sec.32Security interests not affected
Start here
Get a plain-English read of sec.32
Turn the raw legal text into a practical explanation grounded in Property Law Act 2023.
### sec.32 Security interests not affected
Despite anything to the contrary appearing in a document creating or related to a security interest, the severing of a joint tenancy under this division—
does not constitute a breach of the terms of the document; and
does not affect any existing powers, rights or interests of a person who holds a security interest over the property to which the severance relates.
- (a) does not constitute a breach of the terms of the document; and
- (b) does not affect any existing powers, rights or interests of a person who holds a security interest over the property to which the severance relates.