Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 890F

Enforcement of the SEGC's operating rules

             (1)  If a person who is under an obligation to comply with or enforce any of the SEGC's operating rules fails to meet that obligation, an application to the Court may be made by:

                     (a)  ASIC; or

                     (b)  the SEGC; or

                     (c)  a member of the SEGC; or

                     (d)  a person aggrieved by the failure.

             (2)  After giving an opportunity to be heard to the applicant and the person against whom the order is sought, the Court may make an order giving directions to:

                     (a)  the person against whom the order is sought; or

                     (b)  if that person is a body corporate--the directors of the body corporate;

about compliance with, or enforcement of, the operating rules.



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