Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A description of collateral starts to be registered in a registration with respect to a security interest, in relation to a particular secured party, at the moment (the registration time ) when the description becomes available for search in the register in relation to that secured party.
Note 1: A written search result is evidence of a registration and of the registration time (see section 174).
Note 2: A registration may stop being effective even if it is available for search in the register (for example, because of a defect--see section 164).
Note 3: If 2 or more registrations describe the same collateral in relation to the same secured party, there may be different registration times for the collateral in relation to each of the registrations.
(2) The amendment time for an amendment to a registration is the moment when the amended registration becomes available for search in the register.