Registration of historical charges treated as if created on commencement, preserving pre-existing charge priorities under the Act. Charges created before commencement and remaining unsatisfied that would have required registration if the Act had been in force are governed by this Part as though the date of commencement substituted for the charge's creation or completion date; however, existing priorities between charges on the same property immediately before commencement remain unaffected.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration of historical charges treated as if created on commencement, preserving pre-existing charge priorities under the Act.
Charges created before commencement and remaining unsatisfied that would have required registration if the Act had been in force are governed by this Part as though the date of commencement substituted for the charge's creation or completion date; however, existing priorities between charges on the same property immediately before commencement remain unaffected.
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