CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

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

Division 7 - Rights of secured party, owner or lessor  

Subdivision C - Property not subject to security interests  

SECTION 441F   WHERE RECOVERY OF PROPERTY BEGINS BEFORE ADMINISTRATION  

441F(1)  
This section applies if, before the beginning of the administration of a company, a receiver or other person:


(a) entered into possession, or assumed control, of property used or occupied by, or in the possession of, the company; or


(b) exercised any other power in relation to such property;

for the purpose of enforcing a right of the owner or lessor of the property to take possession of the property or otherwise recover it.

441F(2)  


Nothing in section 198G or 440B prevents the receiver or other person from performing a function, or exercising a power, in relation to the property.

441F(3)  
Section 437D does not apply in relation to a transaction or dealing that affects the property and is entered into in the performance or exercise of a function or power of the receiver or other person.


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