Liens

From 1.3.2006 the Security Interests in Goods Act 2005 replaced crop liens and wool liens lodged under the Liens on Crops and Wool and Stock Mortgages Act 1898 (repealed) with categories of agricultural goods mortgages called crop mortgages and wool mortgages.

Documents affecting a crop lien or wool lien registered under the repealed Liens on Crops and Wool and Stock Mortgages Act 1898 may still be registered and NSW LRS requirements for those documents will still apply.

Assignment of crop lien and related matters Liens on Crops and Wool and Stock Mortgages Act 1898 makes no provision for the registration of assignments and other documents relating to crop liens, except for a discharge of a crop lien.

Assignment of wool lien and related matters Liens on Crops and Wool and Stock Mortgages Act 1898 makes no provision for the registration of assignments and other documents relating to wool liens, except for a discharge of a wool lien.
Crop lien is an advance of monies or goods that uses a growing crop as a security.
Discharge of crop lien a crop lien lasts for 1 year, ie the crop of one season, and lodgment of a discharge is rare.
Discharge of wool lien a wool lien lasts for 1 year, ie the clip from sheep for one season, and lodgment of a discharge is rare.
Wool lien is an advance of monies or goods that uses the fleece of the next ensuing clip from sheep as a security.