Corporations Act 2001
CHAPTER 5
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EXTERNAL ADMINISTRATION
PART 5.3B
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RESTRUCTURING OF A COMPANY
During the restructuring 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 restructuring practitioner ' s written consent; or (b) with the leave of the Court and in accordance with such terms (if any) as the Court imposes. 453S(2)
Subsection (1) does not apply to: (a) a criminal proceeding; or (b) a prescribed proceeding.
Division 2
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Restructuring
Subdivision E
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Effect on company etc. during restructuring
SECTION 453S
STAY OF PROCEEDINGS
453S(1)
During the restructuring 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 restructuring practitioner ' s written consent; or (b) with the leave of the Court and in accordance with such terms (if any) as the Court imposes. 453S(2)
Subsection (1) does not apply to: (a) a criminal proceeding; or (b) a prescribed proceeding.
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