72
CurrentLien in respect of insurance premiums
Part 7Miscellaneous
72 Lien in respect of insurance premiums
(1)
Where the public trustee and guardian pays a premium in respect of a policy of insurance relating to—
(a)
property the subject of an estate or trust being administered by the public trustee and guardian; or
(b)
property of which the public trustee and guardian is manager;
the public trustee and guardian shall have a lien on moneys paid out under the policy for the amount of premium so paid.
(2)
The lien is a statutory interest to which the Personal Property Securities Act 2009 (Cwlth), section 73 (2) applies.
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