Document ID: chunk:federal_register_of_legislation:C2025C00165:section:15bc
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 15BC
Character Range: 178632–179494

15BC  Moratorium—restrictions on exercise of third party property rights
 (1) Section 440B of the Corporations Act 2001 applies during a period in which a Banking Act statutory manager is in control of a body corporate's business in the same way it applies during the administration of a company.
 (2) For the purposes of this section, treat the reference in paragraph 440B(2)(a) of the Corporations Act 2001 to the administrator's written consent as being a reference to:
 (a) the Banking Act statutory manager's written consent; or
 (b) APRA's written consent.
 (3) Neither APRA nor a Banking Act statutory manager is liable to an action or other proceedings for damages in respect of a refusal to give consent as mentioned in subsection (2).
 (4) This section applies despite sections 15B, 15BA and 15BB.
 (5) This section has effect subject to section 31B.