Section 453S — Corporations Act 2001 (Cth)

Stay of proceedings

(1) During the restructuring of a company, a proceeding in a court against the company or in relation to any of its property cannot be begun or proceeded with, except:

(a) with the restructuring practitioner’s written consent; or

(b) with the leave of the Court and in accordance with such terms (if any) as the Court imposes.

(2) Subsection (1) does not apply to:

(a) a criminal proceeding; or

(b) a prescribed proceeding.

Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

Related sections

s 453P — Effect of restructuring on company’s members
s 453Q — Winding up company
s 453R — Restrictions on exercise of third party property rights
s 453T — Suspension of enforcement process
s 453U — Duties of court officer in relation to property of company
s 453V — Lis pendens taken to exist

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