CORPORATIONS ACT 2001
The following may apply under this section for review by the Panel of a decision of the Panel made on an application under section 657C :
(a) a party to the proceedings in which the decision was made; or
For these purposes, decision has the same meaning as in the Administrative Appeals Tribunal Act 1975 .657EA(2) [ President's consent]
(a) a decision to make a declaration under section 657A ; or
(b) a decision to make an order under section 657D or 657E ;
the person may apply for review only with the consent of the President of the Panel.657EA(3) [ Time limits]
The regulations may provide for the time limits within which an application may be made for review of a decision.
Note: Regulations made under the ASIC Act deal with the constitution of the Panel for the purposes of conducting a review under this section and the procedures to be followed in conducting the review.657EA(4) [ Panel's powers]
(a) vary the decision reviewed; or
(b) set aside the decision reviewed; or
(c) set aside the decision reviewed and substitute a new decision.
In conducting the review, the Panel has the same power to make a declaration under section 657A , or an order under section 657D or 657E , as it has when it is considering an application under section 657C .657EA(5) [ Time limit for s 657A declaration]
(a) 3 months after the circumstances in relation to which the declaration is made occur; or
(b) 1 month after the application for review was made;
whichever ends last. The Court may extend the period on application by the Panel.