72Lien in respect of insurance premiums

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.