Statute
Section 453S — Corporations Act 2001: Stay of proceedings
Text of the provision Official document
(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. (2) Subsection (1) does not apply to: (a) a criminal proceeding; or (b) a prescribed proceeding.
Official source: Federal Register of Legislation
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