THE CORPORATIONS LAW

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.