Corporations Act 2001

Until a deed of company arrangement terminates, this section applies to a person bound by the deed.

The person cannot:

make an application for an order to wind up the company; or

proceed with such an application made before the deed became binding on the person.

The person cannot:

begin or proceed with a proceeding against the company or in relation to any of its property; or

begin or proceed with enforcement process in relation to property of the company;

with the leave of the Court; and

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

In subsection (3):

any PPSA retention of title property of the company; and

any other property used or occupied by, or in the possession of, the company.

See sections 9 (definition of property) and 51F (PPSA retention of title property).