Document ID: chunk:federal_register_of_legislation:C2013C00609:clause:1_34
Version: federal_register_of_legislation:C2013C00609
Segment Type: clause
Provision Reference: sch 1 cl 34
Character Range: 25132–25715

34  Subsection 436C(1)
Repeal the subsection, substitute:
 (1) A person who is entitled to enforce a security interest in the whole, or substantially the whole, of a company's property may by writing appoint an administrator of the company if the security interest has become, and is still, enforceable.
 (1A) Subsection (1) applies in relation to a PPSA security interest only if the security interest is perfected within the meaning of the Personal Property Securities Act 2009.
Note: The heading to section 436C is altered by omitting "Chargee" and substituting "Secured party".