Document ID: chunk:federal_register_of_legislation:C2007A00132:clause:4_62
Version: federal_register_of_legislation:C2007A00132
Segment Type: clause
Provision Reference: sch 4 cl 62
Character Range: 170511–171043

62  At the end of section 443E
Add:

 (4) If:
 (a) debts of a company under administration are secured by a floating charge on property of the company; and
 (b) the administrator has a right of indemnity under section 443D;
the right of indemnity, to the extent to which it relates to debts incurred for:
 (c) the repayment of money borrowed; or
 (d) interest in respect of money borrowed; or
 (e) borrowing costs;
does not have priority over the debts mentioned in paragraph (a), except so far as the chargee consents in writing.