Following the implementation of the Credit Check of Fines initiative in February this year, on 1 May 2012, the Super Priority initiative under the Courts and Criminal Matter Bill will come in to force.
Super Priority builds on the Credit Check of Fines initiative. In certain circumstances, this initiative will give the court priority over secured property of a credit provider if that property is seized and sold to pay overdue fines or reparation.
Super Priority will apply whether a credit provider fails to undertake a check or not, or undertakes a check and chooses to lend anyway. If the property is subsequently seized and sold, the overdue fines in place at the time of the decision to lend and will have priority over payment to any secured creditors.
Please refer to these published Q + A for more information about this and the previous initiative.