Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 471B

Stay of proceedings and suspension of enforcement process

While a company is being wound up in insolvency or by the Court, or a provisional liquidator of a company is acting, a person cannot begin or proceed with:

a proceeding in a court against the company or in relation to property of the company; or

enforcement process in relation to such property;

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

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