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StatuteCorporations Act 2001

Section 981E — Corporations Act 2001: Protection of money from attachment etc.

Text of the provision Official document

(1) This section applies to: (a) money to which this Subdivision applies that has been paid to the licensee, both while it is in an account maintained for the purposes of section 981B and before and after it is paid into such an account; and (b) other money in such an account as permitted by paragraph 981B(1)(b); and (c) investments made in accordance with regulations made for the purposes of section 981C. (2) Money and investments to which this section applies are not capable: (a) of being attached or otherwise taken in execution; or (b) of being made subject to a set-off, security interest or charging order, or to any process of a similar nature; except at the suit of a person who is otherwise entitled to the money or investment.

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.