Going for Broke Pty Ltd borrows $$500,000$ from its bank. The bank is granted a security interest in some of Going for Broke$$s equipment. Going for Broke Pty defaults on the loan and appoints a voluntary administrator.

Advise whether the bank is entitled to seize Going for Broke$$s equipment that is subject to the security interest. How would your answer be different if the bank$$s security interest covered all of the assets of Going for Broke Pty Ltd