(1) A person may only apply to the Registrar for the registration of a financing statement or a financing change statement at or after the registration commencement time.
(2) The Registrar may only register a financing statement or a financing change statement (whether on application by a person or at the Registrar's initiative) at or after the registration commencement time.
Note: However, the Registrar may, before the registration commencement time, register a financing statement or a financing change statement under Division 6 (migrated security interests) or Division 7 (preparatory registration) of Part 9.4.