Corporations Act 2001

CHAPTER 5 - EXTERNAL ADMINISTRATION  

PART 5.3B - RESTRUCTURING OF A COMPANY  

Note: This Part does not apply to a CCIV or a sub-fund of a CCIV: see Division 4 of Part 8B.6 .

Division 2 - Restructuring  

Subdivision E - Effect on company etc. during restructuring  

SECTION 453T  

453T   SUSPENSION OF ENFORCEMENT PROCESS  

During the restructuring of a company, no enforcement process in relation to property of the company 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.