Section 442CA — Corporations Act 2001 (Cth)

(1) If:

(a) a company is under administration; and

(b) property of the company is subject to a possessory security interest; and

(c) the administrator is entitled to dispose of the property by way of sale;

the secured party must, if requested to do so by the administrator, give potential purchasers a reasonable opportunity to inspect or examine the property.

(2) If:

(a) a company is under administration; and

(b) property of the company is subject to a possessory security interest; and

(c) the administrator disposes of the property by way of sale;

the administrator is entitled to obtain possession of the property in order to effect the sale.

Related sections

• s 442A — Additional powers of administrator
• s 442B — Dealing with property subject to circulating security interests
• s 442C — When administrator may dispose of encumbered property
• s 442CB — Property subject to a security interest or to a retention of title clause—administrator’s duty of care in exercising power of sale
• s 442CC — Proceeds of sale of property
• s 442D — Administrator’s powers subject to powers of secured party, receiver or controller

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