Corporations Act 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES  

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

Division 3 - Other matters  

SECTION 601VCA   ACQUISITION OF PROPERTY  

601VCA(1)   [ Remedial orders resulting in acquisition of property]  

The Court must not make an order under section 601VAC if:

(a) the order would result in the acquisition of property from a person otherwise than on just terms; and

(b) the order would be invalid because of paragraph 51(xxxi) of the Constitution.

601VCA(2)   [ Application of compensation provision]  

Section 1350 does not apply in relation to the making of an order under section 601VAC .

601VCA(3)   [ Definitions]  

In this section:

acquisition of property
has the same meaning as in paragraph 51(xxxi) of the Constitution.

just terms
has the same meaning as in paragraph 51(xxxi) of the Constitution.