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Notice of Intention to dispose of collateral

Approved form under section 130 of the Personal Property Securities Act 2009 (Cth).

This notice is used by a secured party where they propose to dispose of the collateral listed in their registration, unless the obligation secured by the collateral is performed or the amount secured by the collateral 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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