CROWN DEBTS (PRIORITY) ACT 1981 - SECT 3 Crown subject to State and Territory laws with respect to priority

CROWN DEBTS (PRIORITY) ACT 1981 - SECT 3

    Notwithstanding any prerogative right or privilege of the Crown in right of the Commonwealth, the Crown in right of the Commonwealth is subject to any provision of a law of a State or Territory:

  (a)   relating to the order in which debts or liabilities of a body (whether corporate or unincorporate) are to be paid or discharged;

  (b)   relating to the avoidance of preferences received by creditors of a body (whether corporate or unincorporate); or

  (c)   relating to the effect on creditors or members of a body (whether corporate or unincorporate) of a compromise or arrangement between the body and another person or other persons.