Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 844E

Suspension of enforcement process

  (1)   While section   842A applies to a body corporate, no enforcement process in relation to property of the body corporate can be begun or proceeded with, except:

  (a)   with the leave of the Court; and

  (b)   in accordance with such terms (if any) as the Court imposes.

  (2)   If a person applies for the leave of the Court under subsection   (1), the person must, in writing, notify the Reserve Bank.

  (3)   The Reserve Bank is entitled to be heard on the application to the Court.



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