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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 441C

Charge on perishable property

(1) This section applies where perishable property of a company under administration is subject to a charge. (2) Nothing in section 437C or 440B prevents:

(a)
the chargee; or

(b)
a receiver or person appointed (at any time) as mentioned in paragraph (a), (b) or (d) of the definition of enforce in section 9;

from enforcing the charge, so far as it is a charge on perishable property.

(3) Section 437D does not apply in relation to a transaction or dealing that affects perishable property of the company and is entered into by:

(a)
the chargee; or

(b)
a receiver or person appointed (at any time) as mentioned in paragraph (a), (b) or (d) of the definition of enforce in section 9;

in the performance or exercise of a function or power as chargee, or as such a receiver or person, as the case may be.



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