Section 456L — Corporations Act 2001 (Cth)

Lien to secure indemnity

(1) To secure a right of indemnity under section 456J, the restructuring practitioner has a lien on the company’s property.

(2) A lien under subsection (1) has priority over another security interest only in so far as the right of indemnity under section 456J has priority over debts secured by the other security interest.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 456H — No liability for consent etc.
s 456J — Right of indemnity
s 456K — Right of indemnity has priority over other debts
s 456LA — Restructuring practitioner has qualified privilege
s 456LB — Protection of persons dealing with restructuring practitioner
s 456M — Appointment of 2 or more restructuring practitioners of company

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