Corporations Act 2001
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 - modifying legislative instruments: The application of Pt 7.8A is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Card Facility Transfer) Instrument 2024/486.
The application of Pt 7.8A is also affected by Class Order 1 [frac412] 62: Relief for 31 Day Notice Term Deposits.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.8A, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
The court dealing with an action under subsection 994M(1) may, in addition to awarding loss or damage under that subsection and if it thinks it necessary in order to do justice between the parties: (a) make an order declaring void a contract entered into by the client who suffered loss or damage relating to a financial product; and (b) if it makes an order under paragraph (a) - make such other order or orders as it thinks are necessary or desirable because of that order.
994N(2)
Without limiting paragraph (1)(b) , an order under that paragraph may include either or both of the following: (a) an order for the return of money paid by a person; (b) an order for payment of an amount of interest specified in, or calculated in accordance with, the order.
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