s 189AAA
In forceStay of proceedings relating to creditor’s petition until meeting of debtor’s creditors
Part XPersonal insolvency agreements
Division 2Meeting of creditors and control of debtor’s property
189AAA Stay of proceedings relating to creditor’s petition until meeting of debtor’s creditors
(1)
If:
(a)
an authority signed by a debtor under section 188 has become effective; and
(b)
either:
(i)
a creditor’s petition was presented against the debtor before the authority became effective; or
(ii)
a creditor’s petition is presented against the debtor after the authority became effective but before the first or only meeting of the debtor’s creditors called under the authority;
proceedings relating to that petition are, by force of this subsection, stayed until:
(c)
the conclusion of the meeting; or
(d)
the adjournment of the meeting;
whichever is the earlier.
(2)
This section does not limit subsection 206(1).
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.