Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.4B
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WINDING UP IN INSOLVENCY OR BY THE COURT
Division 1A
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Effect of winding up order
SECTION 471B
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) a proceeding in a court against the company or in relation to property of the company; or
(b) enforcement process in relation to such property;
Note: This Part applies to a sub-fund of a CCIV in a modified form: see Division 5 of Part 8B.6 .
View history note
Hide history noteWhile 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) a proceeding in a court against the company or in relation to property of the company; or
(b) 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.