Commentary on Sections Part 2 – Security over Moveable Property Registration process Section 85 – Order in which applications are to be dealt with
361.This section provides that the Keeper must deal with applications for registration of a statutory pledge, and applications for registration of an amendment to a statutory pledge, in the order in which they are received. The effect is to protect the priority of registration of, or amendments to, statutory pledges (and therefore the ranking rights in security as regards the encumbered property).