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CORPORATIONS ACT 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3A - ADMINISTRATION OF A COMPANY'S AFFAIRS WITH A VIEW TO EXECUTING A DEED OF COMPANY ARRANGEMENT  

Division 6 - Protection of company's property during administration  

SECTION 440D  STAY OF PROCEEDINGS  

440D(1)  [Proceedings not to be begun or proceeded with]  


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.

440D(2)  [Criminal proceedings, etc]  


Subsection (1) does not apply to:


(a) a criminal proceeding; or


(b) a prescribed proceeding.

 



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