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Notice of intention to remove accession

Approved form under section 95 of the Personal Property Securities Act 2009 (Cth).

This notice is used by a secured party where they propose to remove certain personal property (as described in the notice) from the collateral listed in their registration, unless the amount specified in the notice is paid.

In these circumstances, the secured party would send this notice to the grantor and state the date by which they must comply.

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