THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

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.

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.