Personal Property Securities Amendment Regulation 2012 (No. 1)

Link to law: https://www.comlaw.gov.au/Details/F2012L01404

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Personal Property Securities Amendment Regulation 2012 (No. 1)1
Select Legislative Instrument 2012 No. 121
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Personal Property Securities Act 2009.
Dated 28 June 2012
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
NICOLA ROXON
Attorney-General
1              Name of regulation
                This regulation is the Personal Property Securities Amendment Regulation 2012 (No. 1).
2              Commencement
                This regulation commences on 1 July 2012.
3              Amendment of Personal Property Securities Regulations 2010
                Schedule 1 amends the Personal Property Securities Regulations 2010.
Schedule 1        Amendments
(section 3)
 
[1]           Subregulation 1.4 (1A)
renumber as subregulation 1.4 (2)
[2]           Subregulation 1.4 (1B)
renumber as subregulation 1.4 (3)
[3]           Subregulation 1.4 (1C)
after
grantor
insert
of the interest
[4]           Subregulation 1.4 (1C), at the foot
insert
Note   For the definition of grantor, see section 10 of the Act.
[5]           Subregulation 1.4 (1C)
renumber as subregulation 1.4 (4)
[6]           Subregulation 1.4 (2)
renumber as subregulation 1.4 (5)
[7]           After regulation 1.9
1.10        Meaning of investment instrument
                For paragraph (i) of the definition of investment instrument in section 10 of the Act, the following financial products are prescribed:
                (a)    an Australian carbon credit unit, within the meaning of section 5 of the Carbon Credits (Carbon Farming Initiative) Act 2011;
               (b)    a carbon unit, within the meaning of section 5 of the Clean Energy Act 2011;
                (c)    each eligible international emissions unit mentioned in paragraphs (a), (b), (c) and (d) of the definition of eligible international emissions unit in section 4 of the Australian National Registry of Emissions Units Act 2011.
[8]           Schedule 1, Part 2, subclause 2.2 (2)
omit
(1) (c) (iv) (E)
insert
(1) (c) (iii) (E)
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.