CORPORATIONS ACT 2001 - SECT 456L Lien to secure indemnity
CORPORATIONS ACT 2001 - SECT 456L
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.