Document ID: chunk:federal_register_of_legislation:C2005C00495:clause:1_189aaa
Version: federal_register_of_legislation:C2005C00495
Segment Type: clause
Provision Reference: sch 1 cl 189AAA
Character Range: 22794–23527

189AAA  Stay of proceedings relating to creditor's petition until meeting of debtor's creditors

 (1) If:
 (a) an authority signed by a debtor under section 188 has become effective; and
 (b) either:
 (i) a creditor's petition was presented against the debtor before the authority became effective; or
 (ii) a creditor's petition is presented against the debtor after the authority became effective but before the first or only meeting of the debtor's creditors called under the authority;
proceedings relating to that petition are, by force of this subsection, stayed until:
 (c) the conclusion of the meeting; or
 (d) the adjournment of the meeting;
whichever is the earlier.

 (2) This section does not limit subsection 206(1).