Personal Property Securities Amendment Act 2011 Commencement Order 2011

2011/389

Coat of Arms of New Zealand

Personal Property Securities Amendment Act 2011 Commencement Order 2011

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 31st day of October 2011

Present:
Her Excellency the Administrator of the Government in Council

Pursuant to section 2 of the Personal Property Securities Amendment Act 2011, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following order.

Order

1  Title
  • This order is the Personal Property Securities Amendment Act 2011 Commencement Order 2011.

2  Commencement of specified provisions of Personal Property Securities Amendment Act 2011
  • (1) Sections 3 and 4 of the Personal Property Securities Amendment Act 2011 come into force on 13 February 2012.

    (2) Except as it relates to subparagraphs (i), (ii), and (iv) 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 13 February 2012.

Michael Webster,
for 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 specified provisions of the Personal Property Securities Amendment Act 2011 (the Act) into force on 13 February 2012.

The effect of the order is that all of the Act, which relates to financing change statements, is brought into force, except for 3 subparagraphs of new section 167A(1)(b) (as inserted by section 5 of the Act) of the Personal Property Securities Act 1999. Those subparagraphs await a commencement date, or commencement dates, that will co-ordinate with the coming into force of the enactments, or amendments to them, referred to in those subparagraphs.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 3 November 2011.

This order is administered by the Ministry of Economic Development.