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:

Sellers

People or organizations that make products or provide services available for purchase in the marketplace.

Tax Per Unit

A tax imposed on each unit of a good or service produced or sold, often used by governments to generate revenue or discourage consumption.

Tax

A mandatory monetary contribution or different kinds of charges laid on a taxpayer by government institutions to support government expenses and diverse public costs.

Buyers Pay

The amount of money that purchasers spend to acquire goods or services.