CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

PART 5D.5 - LIMIT ON CONTROL OF LICENSED TRUSTEE COMPANIES  

Division 1 - 15 % voting power limit  

SECTION 601VAD   INJUNCTIONS  

601VAD(1)   [ Persons affected]  

If any conduct (including a refusal or failure to act) amounts or would amount to a contravention of this Part in relation to a particular licensed trustee company, the trustee company is taken, for the purposes of section 1324 , to be a person whose interests are affected by the conduct.

601VAD(2)   [ Class of persons not limited]  

Subsection (1) does not, by implication, limit the class of persons whose interests are affected by the conduct.

601VAD(3)   [ Power of Minister]  

The Minister has the same powers as ASIC to apply for an injunction under section 1324 in relation to a contravention of this Part.

601VAD(4)   [ Powers not limited]  

The powers in sections 601VAC and 1324 do not, by implication, limit each other.


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