Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.8
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OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE
Division 2
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Dealing with clients
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money
Subdivision C
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Powers of Court
SECTION 983B
INTERIM ORDER FREEZING ACCOUNTS
983B(1)
Before considering an application under section 983A , the Court may, if it considers it desirable to do so, grant an interim order that is an order of the kind applied for and is expressed to apply until the application is determined.
983B(2)
The Court must not require ASIC or any other person, as a condition of granting an order under subsection (1), to give an undertaking as to damages.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteCCH Note: Division 2 is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Subdivision C is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
CCH Note: Section 983B is modified by the ASIC Corporations (Incidental Retail Cover) Instrument 2022/716.
Before considering an application under section 983A , the Court may, if it considers it desirable to do so, grant an interim order that is an order of the kind applied for and is expressed to apply until the application is determined.
983B(2)
The Court must not require ASIC or any other person, as a condition of granting an order under subsection (1), to give an undertaking as to damages.
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