Document ID: chunk:federal_register_of_legislation:C2025C00185:section:3
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 3
Character Range: 1532962–1534311

3                                               a lessor of property used or occupied by, or in the possession of, the company, including a secured party (a PPSA secured party) in relation to a PPSA security interest in goods arising out of a lease of the goods  the following restrictions apply:
                                                                                                                                                                                                                                                                       (a) distress for rent must not be carried out against the property;
                                                                                                                                                                                                                                                                       (b) the third party cannot take possession of the property or otherwise recover it;
                                                                                                                                                                                                                                                                       (c) if the third party is a PPSA secured party—the third party cannot otherwise enforce the security interest.