Corporations Amendment (Insolvency) Act 2007 (132 of 2007)

Schedule 4   Fine-tuning voluntary administration

Part 2   Rights to property during administration

Corporations Act 2001

47   Section 9

Insert:

retention of title clause : if:

(a) a contract for the sale of property contains a provision the effect of which is that the seller retains title in the property until the purchase price, or other amount, has been paid in full; and

(b) the purchase price, or the other amount, as the case may be, has not been paid in full;

the property is subject to a retention of title clause under that contract.