Western Australian Consolidated Acts Western Australian Consolidated Acts (1) If a purchaser
purchases goods from a secured party, all security interests which rank
subsequently to the security interest of the secured party are extinguished
without prejudice to the rights of the secured parties in respect of the
interests to, or to call for, an accounting of such part of the consideration
for the purchase as exceeds the entitlement of the first-mentioned secured
party.
(2) Nothing in
subsection (1) prejudices the right of a debtor or other secured party to
damages if a secured party wrongly exercises a power to sell goods subject to
a security interest held by the person.