22Replacement access licences—exemption from notifying registration of security interests

22 Replacement access licences—exemption from notifying registration of security interests

22 Replacement access licences—exemption from notifying registration of security interests

(1) This section applies to a person claiming a security interest in a replacement access licence if the holder of the licence requests, by written notice to the Secretary, that the security interest be registered in the Access Register.

(2) For the Act, section 400(2), the person is exempt from the requirement under the Act, Schedule 10, clause 19(5)(d) to lodge written notice with the Secretary as referred to in the clause.