Corporations Regulations 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Division 3 - Restructuring plan  

Subdivision D - Restructuring practitioner for a restructuring plan  

REGULATION 5.3B.45   LIEN TO SECURE INDEMNITY  

5.3B.45(1)    
To secure a right of indemnity under regulation 5.3B.43 , the restructuring practitioner has a lien on the company ' s property.

5.3B.45(2)    
A lien under subregulation (1) has priority over another security interest only in so far as the right of indemnity under regulation 5.3B.43 has priority over debts secured by the other security interest.