2013/424

Personal Property Securities Amendment Act 2011 Commencement Order 2013

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 30th day of September 2013
Present:His Excellency the Governor-General in Council

Pursuant to section 2 of the Personal Property Securities Amendment Act 2011, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.

Contents

1 Title
2 Commencement of specified provision of Personal Property Securities Amendment Act 2011

Order

1 Title

This order is the Personal Property Securities Amendment Act 2011 Commencement Order 2013.

2 Commencement of specified provision of Personal Property Securities Amendment Act 2011

To the extent that it relates to subparagraph (i) of section 167A(1)(b) of the Personal Property Securities Act 1999, section 5 of the Personal Property Securities Amendment Act 2011 comes into force on 14 April 2014.

Rebecca Kitteridge,Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.
This order brings section 5 of the Personal Property Securities Amendment Act 2011 (the amendment Act) into force on 14 April 2014, to the extent that section 5 relates to subparagraph (i) of new section 167A(1)(b) (as inserted by the amendment Act) of the Personal Property Securities Act 1999 (the principal Act). The amendment that is brought into force enables a District Court Registrar to discharge or amend financing statements registered on the personal property securities register following the sale of secured property for the purposes of enforcing unpaid judgment debts.

Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 3 October 2013.
This order is administered by the Ministry of Business, Innovation, and Employment.