Document ID: chunk:federal_register_of_legislation:C2025C00157:section:62pb
Version: federal_register_of_legislation:C2025C00157
Segment Type: section
Provision Reference: s 62PB
Character Range: 193668–194290

62PB  Moratorium—effect of judicial management on disposal of property
 (1) A person must not dispose of property if:
 (a) the property is owned by another person; and
 (b) the other person is a general insurer; and
 (c) the general insurer is under judicial management.
Note: The Federal Court may grant an injunction under section 129D in respect of a contravention of this subsection.
 (2) Subsection (1) does not apply if the judicial manager consents to the disposal.
 (3) The judicial manager is not liable to an action or other proceedings for damages in respect of a refusal to give consent under subsection (2).