Document ID: chunk:federal_register_of_legislation:C2024C00826:clause:1_121
Version: federal_register_of_legislation:C2024C00826
Segment Type: clause
Provision Reference: sch 1 cl 121
Character Range: 931245–932237

121  Directions pending court's decision

 (1) The court may, before disposing of an application by a debtor, lessee or guarantor for an order under this Division, make such directions as it considers appropriate to protect the interests of the debtor, lessee or guarantor concerned.
 (2) Subject to any such directions of the court, the application does not prevent:
 (a) any proceedings for the enforcement of the debtor's obligations (or the obligations of a guarantor), or the lessee's obligations, from being taken; or
 (b) any rights over property the subject of a mortgage from being exercised.
 (3) For the purposes of this section, a reference to the disposal of an application includes a reference to its withdrawal by the applicant.
 (4) A credit provider or lessor affected by a direction of the court may apply to the court for variation of the direction. The court may, on such an application being made, vary or revoke the direction or refuse to vary or revoke the direction.