Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.7 - FINANCIAL SERVICES DISCLOSURE  

Division 7 - Enforcement  

Subdivision B - Civil liability  

SECTION 953C   ADDITIONAL POWERS OF COURT TO MAKE ORDERS  

953C(1)   [ Orders]  

The court dealing with an action under subsection 953B(2) may, in addition to awarding loss or damage under that subsection and if it thinks it necessary in order to do justice between the parties:


(a) make an order declaring void a contract entered into by the client referred to in that subsection for or relating to a financial product or a financial service; and


(b) if it makes an order under paragraph (a) - make such other order or orders as it thinks are necessary or desirable because of that order.

953C(2)   [ Scope]  

Without limiting paragraph (1)(b), an order under that paragraph may include an order for the return of money paid by a person, and/or an order for payment of an amount of interest specified in, or calculated in accordance with, the order.


 

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