Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:1_3
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 109956–111333

3                                               a lessor of property used or occupied by, or in the possession of, the body corporate, including a secured party (a PPSA secured party) in relation to a PPSA security interest in goods arising out of a lease of the goods  the following restrictions apply:
                                                                                                                                                                                                                                                                              (a) distress for rent must not be carried out against the property;
                                                                                                                                                                                                                                                                              (b) the third party cannot take possession of the property or otherwise recover it;
                                                                                                                                                                                                                                                                              (c) if the third party is a PPSA secured party—the third party cannot otherwise enforce the security interest.