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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1325A

Orders if contravention of Chapter 6, 6A, 6B or 6C

(1) The Court may make any order or orders (including a remedial order) that it considers appropriate if a person:

(a)
contravenes a provision of Chapter 6, 6A, 6B or 6C; or

(b)
contravenes a condition on a consent given by ASIC under section 652B; or

(c)
states in a notice under section 672B about securities that they do not know particular information about:

(i)
the securities; or
(ii)
someone who has a relevant interest in, or has given instructions in relation to, the securities.
Note 1: Section 9 defines remedial order .

Note 2: Sections 659B and 659C deal with court proceedings during and after a takeover bid.

(2) The Court may make any order or orders (including a remedial order) that it considers appropriate if:

(a)
the consideration offered under a takeover bid is or includes securities; and

(b)
the offers under the bid or the bidder's statement states or implies that the securities are to be quoted on a stock market of a securities exchange (whether in Australia or elsewhere) and:

(i)
an application for admission to quotation is not made within 7 days after the start of the bid period; or
(ii)
permission for admission to quotation is not granted within 7 days after the end of the bid period.
Note: Section 9 defines remedial order .

(3) An order under this section may be made on application by the following:

(a)
ASIC;

(b)
the company, or the responsible entity of the registered scheme, whose securities are involved in the contravention;

(c)
a member or former member of that company or scheme;

(d)
a person from whom the relevant interest in the securities were acquired;

(e)
a person whose interests are affected by the contravention.



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