Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 440D

Stay of proceedings

             (1)  During the administration of a company, a proceeding in a court against the company or in relation to any of its property cannot be begun or proceeded with, except:

                     (a)  with the administrator's written consent; or

                     (b)  with the leave of the Court and in accordance with such terms (if any) as the Court imposes.

             (2)  Subsection (1) does not apply to:

                     (a)  a criminal proceeding; or

                     (b)  a prescribed proceeding.



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