CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS  

PART 6.10 - REVIEW AND INTERVENTION  

Division 2 - The Takeovers Panel  

Subdivision B - Unacceptable circumstances  

SECTION 657EB   REFERENCES BY COURTS  

657EB(1)   [ Reference to Panel]  

A Court hearing proceedings in relation to a decision of the Panel made on an application under section 657C may refer the decision to the Panel for review.

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.

657EB(2)   [ Panel's powers]  

After conducting a review under this section, the Panel may:


(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 powers 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.


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