Section 189AAA — Bankruptcy Act 1966: Stay of proceedings relating to creditor’s petition until meeting of debtor’s creditors

(1) If: (a) an authority signed by a debtor under section 188 has become effective; and (b) either: (i) a creditor’s petition was presented against the debtor before the authority became effective; or (ii) a creditor’s petition is presented against the debtor after the authority became effective but before the first or only meeting of the debtor’s creditors called under the authority; proceedings relating to that petition are, by force of this subsection, stayed until: (c) the conclusion of the meeting; or (d) the adjournment of the meeting; whichever is the earlier. (2) This section does not limit subsection 206(1).