Mega Bank Ltd Is a Secured Creditor of Wasted Ltd

Mega Bank Ltd is a secured creditor of Wasted Ltd. Wasted Ltd recently appointed a voluntary administrator. Mega Bank Ltd wants to enforce its security interest. Which of the following is the best answer?

A) Mega Bank Ltd cannot enforce its security interest because when a voluntary administrator is appointed proceedings against the company are frozen and there is a moratorium on civil proceedings against the company;
B) Mega Bank Ltd cannot enforce its security interest because secured creditors cannot do anything to enforce such interests until the company is out of administration unless its applies to the court for consent;
C) If Mega Bank Ltd perfected its security interest, it can enforce that interest at any time;
D) If Mega Bank Ltd had a security interest over all or substantially all of the assets of Wasted Ltd, it could enforce its security interest within 13 days after notice is given of the voluntary administrator's appointment;
E) In order to enforce the security ineptest, Mega Bank Ltd would need to get ASIC's consent to do so.