Commonwealth Consolidated Acts

BANKRUPTCY ACT 1966 - SECT 189AAA

             (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).