Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_442ca
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 442CA
Character Range: 165477–166224

442CA  Property subject to a lien or pledge—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 lien or pledge; and
 (c) the administrator is entitled to dispose of the property by way of sale;
the holder of the lien or pledge 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 lien or pledge; 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.