(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.