Section 239ABQ — Companies Act 1993: If recovery of property begins before administration

239ABQ If recovery of property begins before administration (1) This section applies if, before the beginning of the administration of a company, a receiver or other person, for the purpose of enforcing a right of the owner or lessor of the property to take possession of the property or otherwise recover it,— (a) entered into possession of, or assumed control of, property used or occupied by, or in the possession of, the company; or (b) exercised any other power in relation to the property. (2) Section 239ABD does not prevent the receiver or other person from performing a function, or exercising a power, in relation to the property. (3) Section 239Z does not apply in relation to a transaction or dealing that affects the property and is entered into in the performance or exercise of a function or power of the receiver or other person. Compare: Corporations Act 2001 (Australia) s 441F Section 239ABQ: inserted, on 1 November 2007, by section 6 of the Companies Amendment Act 2006 (2006 No 56).