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StatuteCorporations Act 2001

Section 843B — Corporations Act 2001: Exceptions

Text of the provision Official document

(1) Subsection 843A(1), (2) or (7) does not apply to enforcing a right against a body corporate if the right is: (a) a right under an arrangement entered into after the body corporate comes under statutory management; or (b) a right contained in a kind of arrangement: (i) prescribed by the regulations for the purposes of this subparagraph; or (ii) declared under paragraph (2)(a) of this section; or (c) a right of a kind: (i) prescribed by the regulations for the purposes of this subparagraph; or (ii) declared under paragraph (2)(b); or (d) a right of a kind declared under paragraph (2)(c), and the circumstances specified in that declaration exist. (2) For the purposes of subsection (1), the Minister may, by legislative instrument: (a) declare kinds of arrangements referred to in a specified law of the Commonwealth; or (b) declare kinds of rights to which subsection 843A(1), (2) or (7) does not apply; or (c) declare kinds of rights to which subsection 843A(1), (2) or (7) does not apply in specified circumstances. (3) Subsection 843A(1), (2) or (7) does not apply to enforcing a right to the extent that the Reserve Bank consents in writing to the enforcement of the right. (4) Subsection 843A(7) does not apply to enforcing a right against a body corporate to the extent that a liquidator of the body corporate, appointed after the end of the stay period, consents in writing to the enforcement of the right.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.