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 6 - Protection of company's property during administration

SECTION 440B   CHARGE UNENFORCEABLE  

440B    During the administration of a company, a person cannot enforce a charge on property of the company, except:

(a)  with the administrator's written consent; or

(b)  with the leave of the Court.