Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if:
(a) a person (the transferee ) acquires personal property from another person (the transferor ); and
(b) any of the following applies:
(i) the transferee is a member of the same household as the transferor;
(ii) the transferee is an associated entity (within the meaning of the Corporations Act 2001 ) of the transferor, or the transferor is such an associated entity of the transferee;
(iii) the transferee is a director or officer (within the meaning of the Corporations Act 2001 ) of the transferor, or the transferor is such a director or officer of the transferee.
(2) For the purposes of this Act, the following is to be presumed, unless the contrary is shown beyond reasonable doubt:
(a) the transferee had actual or constructive knowledge that the acquisition constituted a breach of the security agreement that provides for a security interest in the personal property;
(b) the transferee had actual or constructive knowledge of a security interest in the personal property;
(c) value was not given by the transferee for the interest acquired.