In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Secured Transactions Act · 2022 Revised Edition · Part · Registration
Secured Transactions Act · 2022 Revised Edition · Part · Registration
Official textFrom Attorney General's Chambers, unchanged
An amendment to or discharge of a registration may be made by the secured party by registering a financing change statement at any time before the expiration of the registration.
secured party
“secured party” means a person in whose favour a security interest is created, including — (a) a consignor; (b) a financial lessor and a lessor who acquired goods under an operating lease; (c) a transferee of an intangible; (d) a seller who reserved title to the sold goods; or (e) a trustee or agent of the person referred to in paragraphs (a) to (d);
An amendment to a registration —
to add collateral;
to add a new debtor,
(deleted by S 76/2016), is only effective from the date of registration of the financing change statement.
collateral
“collateral” means personal property that is subject to a security interest;
financing change statement
“financing change statement” means the data required or authorised by this Act or the regulations to be entered in the register to renew, discharge, or otherwise amend a financing statement;
secured party
“secured party” means a person in whose favour a security interest is created, including — (a) a consignor; (b) a financial lessor and a lessor who acquired goods under an operating lease; (c) a transferee of an intangible; (d) a seller who reserved title to the sold goods; or (e) a trustee or agent of the person referred to in paragraphs (a) to (d);
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