This order brings into force section 5 of the Personal Property Securities Amendment Act 2011 (the Amendment Act) on 20 May 2021 to the extent that it relates to section 167A(1)(b)(iv) of the Personal Property Securities Act 1999.

The effect of the order is that all of section 167A (as inserted by the Amendment Act) and all of the Amendment Act, which relates to financing change statements, is now in force.

Section 167A was inserted in the Personal Property Securities Act 1999 by section 5 of the Amendment Act. Subsection (1)(b)(iv) was dependent on a change being made to the rule-making powers prescribed in the Senior Courts Act 2016 and then to the High Court Rules 2016 governing the seizure and sale of personal property. The first change was made through the Senior Courts Act 2016. The second change is made by the High Court (Personal Property Securities) Amendment Rules 2021.