3. Exemptions

Section 67D(1)(g) of the Act does not apply to any person taking any step to enforce any security over any aircraft object that is —

the property of a designated operating entity; or

the trust property of a designated operating entity that is a business trust,if the enforcement is an exercise by that person of a right or remedy under the IIAE Act.

Section 67D(1)(h) of the Act does not apply to any person taking any step to execute or enforce any judgment or order of court obtained against a designated operating entity, if the execution or enforcement is an exercise by that person of a right or remedy under the IIAE Act.

Section 67D(1)(g) of the Act does not apply to any person taking any step to enforce any security over any aircraft object that is —

the property of a designated operating entity; or

the trust property of a designated operating entity that is a business trust,if the enforcement is an exercise by that person of a right or remedy under the IIAE Act.

Section 67D(1)(h) of the Act does not apply to any person taking any step to execute or enforce any judgment or order of court obtained against a designated operating entity, if the execution or enforcement is an exercise by that person of a right or remedy under the IIAE Act.