Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.3B
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CRISIS RESOLUTION FOR CS FACILITY LICENSEES
Division 6
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Moratorium on action during statutory management or compulsory transfer
Subdivision C
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Protection of body corporate
'
s property
SECTION 844E
SUSPENSION OF ENFORCEMENT PROCESS
844E(1)
While section 842A applies to a body corporate, no enforcement process in relation to property of the body corporate can be begun or proceeded with, except: (a) with the leave of the Court; and (b) in accordance with such terms (if any) as the Court imposes.
844E(2)
If a person applies for the leave of the Court under subsection (1) , the person must, in writing, notify the Reserve Bank.
844E(3)
The Reserve Bank is entitled to be heard on the application to the Court.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteWhile section 842A applies to a body corporate, no enforcement process in relation to property of the body corporate can be begun or proceeded with, except: (a) with the leave of the Court; and (b) in accordance with such terms (if any) as the Court imposes.
844E(2)
If a person applies for the leave of the Court under subsection (1) , the person must, in writing, notify the Reserve Bank.
844E(3)
The Reserve Bank is entitled to be heard on the application to the Court.