Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 444

444. (1) Where a company is under official management, no action or other
civil proceeding against the company in an Australian court shall, except with
the leave of the Court and in accordance with such terms and conditions (if
any) as the Court imposes, be begun or carried on until the company ceases to
be under official management.

(2) At any time after a company has, in accordance with section 436, convened
a meeting of its creditors for the purpose of placing the company
under official management and before the passing of a special resolution by
the creditors under subsection 439 (1) resolving that the company be placed
under official management, the company or any creditor of the company may, if
any action or other civil proceeding against the company in an Australian
court is pending, apply to the Court to stay or restrain further proceedings
in the action or proceeding, and the Court may stay or restrain the
proceedings accordingly on such terms and conditions as it thinks fit.