Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 440JA

                   If:

                     (a)  a company is under administration; and

                     (b)  property of the company consists of:

                              (i)  cash in the form of notes or coins; or

                             (ii)  a negotiable instrument; or

                            (iii)  a security (as defined by subsection 92(1)); or

                            (iv)  a derivative (as defined in Chapter 7); and

                     (c)  the property is subject to a possessory security interest; and

                     (d)  the secured party is:

                              (i)  an ADI (within the meaning of the Banking Act 1959 ); or

                             (ii)  the operator of a clearing and settlement facility (within the meaning of section 768A);

this Division does not apply to the property.