Document ID: chunk:federal_register_of_legislation:C2017A00112:clause:1_415d:p3
Version: federal_register_of_legislation:C2017A00112
Segment Type: clause
Provision Reference: sch 1 cl 415D (pt 3/3)
Character Range: 19173–20080

subsection (1) does not apply; or
 (c) declare kinds of rights to which subsection (1) does not apply in specified circumstances.
 (8) If the application under section 411 results in the approval under this Part of a compromise or arrangement, subsection (1) does not apply to the right to the extent that:
 (a) the person appointed to administer the compromise or arrangement; or
 (b) if a liquidator of the body is appointed after the start of the stay period—the liquidator;
has consented in writing to the enforcement of the right.

Stay on body's right to new advance of money or credit
 (9) If:
 (a) one or more rights of an entity cannot be enforced against a body for a period because of subsection (1); and
 (b) the body has a right under a contract, agreement or arrangement against the entity for a new advance of money or credit;
that right of the body cannot be enforced during the same period.