Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_440ja
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 440JA
Character Range: 161644–162291

440JA  Property subject to a banker's lien—exemption from this Division

  If:
 (a) a company is under administration; and
 (b) property of the company consists of:
 (i) cash in the form of notes or coins; or
 (ii) a negotiable instrument; or
 (iii) a security (as defined by subsection 92(1)); or
 (iv) a derivative (as defined in Chapter 7); and
 (c) the property is subject to a lien or pledge; and
 (d) the holder of the lien or pledge is:
 (i) an ADI (within the meaning of the Banking Act 1959); or
 (ii) the operator of a clearing and settlement facility (within the meaning of section 768A);
this Division does not apply to the property.