Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf:
(a) a company is under administration; and
(b) property of the company consists of:
(i) cash in the form of notes or coins; or
(ii) a negotiable instrument; or
(iii) a security (as defined by subsection 92(1)); or
(iv) a derivative; and
(c) the property is subject to a possessory security interest; and
(d) the secured party is:
(i) an ADI (within the meaning of the Banking Act 1959 ); or
(ii) the operator of a clearing and settlement facility;
this Division does not apply to the property.