Which of the Following Statements Is Not True in Relation

question 27

Multiple Choice

Which of the following statements is not true in relation to the Personal Property Securities Act 2009?

• A)The PPS Register is administered by the Commonwealth Insolvency and Trustee Service.
• B)A secured party,such as lender that has been given a fixed charge over a company's assets can register its interest on the PPS Register.
• C)Secured parties can search the PPS Register to find out if a security interest is registered over personal property.
• D)The PPS Register includes possessory,non- possessory and statutory liens.

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Definitions:

Ignition Key

A key used to start a vehicle's engine by engaging the ignition system.

Gear Select Sensor

A device in a vehicle's transmission system that detects the position of the gear lever and sends signals accordingly to the transmission control module.

Rail Shaft

A long, cylindrical component that serves as a guide or support for moving parts, commonly used in machinery and equipment to ensure precise linear motion.

Shift Finger Position

Refers to the specific location or orientation of the shift finger within a manual transmission, which engages different gears.