Document ID: chunk:federal_register_of_legislation:C2025C00185:section:554j
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 554J
Character Range: 1874492–1875058

554J  Subsequent realisation of security interest
  Where:
 (a) a secured creditor's proof of debt is in respect of the balance due after deducting the creditor's estimate of the value of the security interest; and
 (b) subsequently:
 (i) the creditor realises the security interest; or
 (ii) the security interest is realised under section 554F;
the net amount realised is to be substituted for the estimated value of the security interest and section 554H applies as if the proof of debt had been amended accordingly under section 554G.

Subdivision D—Priorities