Document ID: chunk:federal_register_of_legislation:C2025C00185:section:442ca
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 442CA
Character Range: 1557790–1558561

442CA  Property subject to a possessory security interest—inspection or examination by potential purchasers etc.
 (1) If:
 (a) a company is under administration; and
 (b) property of the company is subject to a possessory security interest; and
 (c) the administrator is entitled to dispose of the property by way of sale;
the secured party must, if requested to do so by the administrator, give potential purchasers a reasonable opportunity to inspect or examine the property.
 (2) If:
 (a) a company is under administration; and
 (b) property of the company is subject to a possessory security interest; and
 (c) the administrator disposes of the property by way of sale;
the administrator is entitled to obtain possession of the property in order to effect the sale.