Document ID: chunk:federal_register_of_legislation:C2025C00185:section:436c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 436C
Character Range: 1509201–1509810

436C  Secured party may appoint administrator
 (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.
 (2) Subsection (1) does not apply to a company if a person holds an appointment as liquidator, or provisional liquidator, of the company.