Corporations Act 2001
Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .
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454E(1)
This section applies if perishable property of a company under restructuring is subject to a security interest.
Power of enforcement by secured party, receiver or controller
454E(2)
Nothing in section 453K , 453R or 454N , or in an order made under subsection 454P(1) , prevents any of the following from enforcing the security interest, so far as it is a security interest in perishable property: (a) the secured party; (b) a receiver or controller appointed for the purposes of Part 5.2 (whether under an instrument relating to the security interest or a court order, and even if appointed after the decision period).
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