Personal Property Securities Amendment Act 2011 Commencement Order 2012

2012/130

Coat of Arms of New Zealand

Personal Property Securities Amendment Act 2011 Commencement Order 2012

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 5th day of June 2012

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 2012.

2 Commencement of specified provision of Personal Property Securities Amendment Act 2011
  • To the extent that it relates to subparagraph (ii) 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 1¬†August 2012.

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 1 August 2012, to the extent that section 5 relates to subparagraph (ii) of new section 167A(1)(b) (as inserted by the amendment Act) of the Personal Property Securities Act 1999 (the principal Act). The amendment Act relates to financing change statements, and new section 167A(1)(b)(ii) of the principal Act will clarify the relationship between vehicle confiscations under the Sentencing Act 2002 and the personal property securities register established under section 139 of the principal Act.

There are 2 further subparagraphs of new section 167A(1)(b) of the principal Act that have not yet been brought into force.


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

Date of notification in Gazette: 7 June 2012.

This order is administered by the Ministry of Economic Development.