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.
Date of notification in Gazette: 7 June 2012.
This order is administered by the Ministry of Economic Development.