THE CORPORATIONS LAW

CHAPTER 6 - TAKEOVERS

PART 6.10 - REVIEW AND INTERVENTION

Division 2 - The Corporations and Securities Panel

Subdivision B - Unacceptable circumstances

SECTION 657E   INTERIM ORDERS  

657E(1)  [Power to make interim orders]  

The Panel, or the President of the Panel, may make an interim order of a kind referred to in subsection 657D(2) in relation to circumstances even if:

(a)  there is no declaration under section 657A that the circumstances are unacceptable; or

(b)  no application to the Panel for a declaration of that kind has been made.

The order must specify the period (not exceeding 2 months) for which it is to have effect.

657E(2)  [When order ceases to have effect]  

The order ceases to have effect:

(a)  at the end of the period specified in the order; or

(b)  if, before the end of that period, proceedings for a declaration under section 657A in relation to the circumstances (and all related proceedings for an order under section 657D) are determined - when those proceedings are determined.