Document ID: chunk:federal_register_of_legislation:C2025C00185:section:440ja
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 440JA
Character Range: 1540634–1541292

440JA  Property subject to a banker's lien—exemption from this Division
  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; 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;
this Division does not apply to the property.

Division 7—Rights of secured party, owner or lessor

Subdivision A—General