CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

Division 11 - Agreements with unlicensed persons relating to the provision of financial services  

Subdivision B - Effect on agreements  

SECTION 925D   COURT MAY MAKE CONSEQUENTIAL ORDERS  

925D(1)   [ Court's powers]  

Subject to subsection (2), on rescission of the agreement under section 925B , the Court, on the application of the client or the non-licensee, may make such order or orders as it would have power to make if the client had duly rescinded the agreement because of misrepresentation by the non-licensee.

925D(2)   [ Limitation]  

The Court is not empowered to make a particular order under subsection (1) if the order would prejudice a right, or an estate in property, acquired by a person (other than the non-licensee) in good faith, for valuable consideration and without notice of the facts entitling the client to give the notice.


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