Commonwealth Consolidated Acts Commonwealth Consolidated ActsA person to whom personal property is transferred takes the property free of a security interest in the property at a particular time (the relevant time ) if:
(a) this Act did not operate under this Part in relation to the security interest at a previous time; and
(b) if this Act had so operated, the person would have taken the property free of the security interest under this Act (other than this section); and
(c) at the relevant time, this Act begins to operate under this Part in relation to the security interest.