FAIR WORK ACT 1994 - SECT 146

FAIR WORK ACT 1994 - SECT 146

146—Sequestration orders

        (1)         If a registered association does not satisfy a judgment for the payment of money on demand by the judgment creditor, the Court may, on application by the judgment creditor, make an order for sequestration of the association's property to the extent necessary to ensure the judgment is satisfied.

        (2)         The order must—

            (a)         provide for appointment of a sequestrator; and

            (b)         confer on the sequestrator the powers necessary to take possession of the property to which the order relates and realise it; and

            (c)         provide for the payment of the costs of the sequestration and realisation of the property.