91Stay of proceedings during judicial trusteeship

91 Stay of proceedings during judicial trusteeship

(1) While a designated security trust fund is under judicial trusteeship, a proceeding in a court against the trustee of the fund or in relation to any of the property of the fund cannot be proceeded with, except: (a) with the judicial trustee’s written consent; or (b) with the leave of the Federal Court and in accordance with such terms (if any) as the Federal Court imposes. (2) Subsection (1) does not apply to a proceeding in respect of an offence. (3) A judicial trustee is not subject to any liability in respect of a refusal to give a consent for the purposes of subsection (1).