CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS  

PART 6.10 - REVIEW AND INTERVENTION  

Division 2 - The Takeovers Panel  

Subdivision B - Unacceptable circumstances  

SECTION 657C   APPLYING FOR DECLARATIONS AND ORDERS  

657C(1)   [ Need for application]  

The Panel may make a declaration under section 657A, or an order under section 657D or 657E, only on an application made under this section.

657C(2)   [ Who may apply]  

An application for a declaration under section 657A or an order under section 657D or 657E may be made by:


(a) the bidder; or


(b) the target; or


(c) ASIC; or


(d) any other person whose interests are affected by the relevant circumstances.

Note: The Administrative Appeals Tribunal cannot review ASIC's decision whether to apply to the Panel (see paragraph 1317C(gc)).

657C(3)   [ Time for application]  

An application for a declaration under section 657A can be made only within:


(a) 2 months after the circumstances have occurred; or


(b) a longer period determined by the Panel.


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