Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 657C

             (1)  The Panel may make a declaration under section 657A, or an order under section 657D or 657E, only on an application made under this section.

             (2)  An application for a declaration under section 657A or an order under section 657D or 657E may be made by:

                     (a)  the bidder; or

                     (b)  the target; or

                     (c)  ASIC; or

                     (d)  any other person whose interests are affected by the relevant circumstances.

Note:          The Administrative Appeals Tribunal cannot review ASIC's decision whether to apply to the Panel (see paragraph 1317C(gc)).

             (3)  An application for a declaration under section 657A can be made only within:

                     (a)  2 months after the circumstances have occurred; or

                     (b)  a longer period determined by the Panel.