440JA PROPERTY SUBJECT TO A BANKER'S LIEN - EXEMPTION FROM THIS DIVISION
(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 (as defined in Chapter 7); and
(i) an ADI (within the meaning of the Banking Act 1959); or
(ii) the operator of a clearing and settlement facility (within the meaning of section 768A);
this Division does not apply to the property.
S 440JA amended by No 96 of 2010, s 3, Sch 1, Pt 7- (effective 30 January 2012).
S 440JA inserted by No 132 of 2007, s 3, Sch 4, Pt 2 (effective 31 December 2007).