Section 843C — Corporations Act 2001: Stay on body corporate’s right to new advance of money or credit

(1) If: (a) one or more rights of an entity cannot be enforced against a body corporate for a period because of subsection 843A(1) or (2); and (b) the body corporate has a right under an arrangement against the entity for a new advance of money or credit; that right of the body corporate cannot be enforced during the same period. (2) Subsection (1) of this section does not apply to a right of a body corporate if: (a) the body corporate is a related body corporate of the entity mentioned in paragraph (1)(a); and (b) exercising the right: (i) constitutes, or constitutes part of, default management; or (ii) constitutes recovery action; or (iii) constitutes a funding call on the entity.