My answer is, yes, it would. There's a special clause in the proposed act saying that this trust would take priority. Put it this way; this trust would affect property even though that property is subject to a security interest. There's no doubt, then, that the special priority that banks occupy, and not just banks but any lenders, when they have security interests on assets, will be affected.
For example, if our buyer had given a general security interest in all of his or her accounts receivable to a bank, those accounts receivable would be subject to the trust, and the trust would take priority. Let me just respond by saying that this is a judgment call. Parliament will have to decide whether it is prepared to give protection to this small group of vulnerable suppliers over what are really the most powerful banks in the world.