Section 442CA — Corporations Act 2001: Property subject to a possessory security interest—inspection or examination by potential purchasers etc.

(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.