Section 189AAA — Bankruptcy Act 1966 (Cth)

(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).

Related sections

• s 188A — Personal insolvency agreement
• s 188B — Inspection of statement of debtor’s affairs
• s 189 — Control of property of a debtor who has given authority under section 188
• s 189AA — Court orders with effect during period of control of debtor’s property
• s 189AB — Charge over debtor’s property that is subject to control
• s 189AC — Right of indemnity for controlling trustee

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