THE CORPORATIONS LAW

CHAPTER 5 - EXTERNAL ADMINISTRATION

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT

Division 9 - Administrator's liability and indemnity for debts of administration

Subdivision B - Indemnity

SECTION 443F   LIEN TO SECURE INDEMNITY  

443F(1)  (Administrator's lien)  

To secure a right of indemnity under section 443D, the administrator has a lien on the company's property.

443F(2)  (Priority of lien)  

A lien under subsection (1) has priority over a charge only in so far as the right of indemnity under section 443D has priority over debts secured by the charge.