So far as the property of a company available for payment of creditors other than secured creditors is insufficient to meet payment of:
S 561 heading amended by No 96 of 2010, s 3, Sch 1, Pt 4
93] (effective 30 January 2012).
payment of that debt or amount must be made in priority over the claims of a secured party in relation to a circulating security interest created by the company and may be made accordingly out of any property comprised in or subject to the circulating security interest.
S 561 amended by No 96 of 2010, s 3, Sch 1, Pt 4
94] (effective 30 January 2012).