Document ID: chunk:federal_register_of_legislation:C2008A00105:clause:3_62p
Version: federal_register_of_legislation:C2008A00105
Segment Type: clause
Provision Reference: sch 3 cl 62P
Character Range: 114967–115705

62P  Stay of proceedings during judicial management

 (1) While a general insurer is under judicial management, a proceeding in a court against the general insurer or in relation to any of its property cannot be commenced or proceeded with, except:
 (a) with the judicial manager's written consent; or
 (b) with the leave of the Federal Court and in accordance with such terms (if any) as the Federal Court imposes.

 (2) Subsection (1) does not apply to a proceeding in respect of an offence or a contravention of a provision of a law for which a pecuniary penalty (however described) may be imposed.

 (3) A judicial manager is not subject to any liability in respect of a refusal to give a consent for the purpose of subsection (1).