Document ID: chunk:federal_register_of_legislation:C2025C00185:section:843c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 843C
Character Range: 3343101–3343874

843C  Stay on body corporate's right to new advance of money or credit
 (1) If:
 (a) one or more rights of an entity cannot be enforced against a body corporate for a period because of subsection 843A(1) or (2); and
 (b) the body corporate has a right under an arrangement against the entity for a new advance of money or credit;
that right of the body corporate cannot be enforced during the same period.
 (2) Subsection (1) of this section does not apply to a right of a body corporate if:
 (a) the body corporate is a related body corporate of the entity mentioned in paragraph (1)(a); and
 (b) exercising the right:
 (i) constitutes, or constitutes part of, default management; or
 (ii) constitutes recovery action; or
 (iii) constitutes a funding call on the entity.