(1) In
section 63:
(a)
delete “Where” and insert:
(1) Where
(b)
delete “thereon.” and insert:
thereon in priority to
all other claims upon the policy moneys.
(2) At the end of
section 63 insert:
(2) In accordance with
the Personal Property Securities Act 2009 (Commonwealth)
section 73(2)(a), it is declared that section 73(2) of that Act
applies to a lien created under subsection (1).