Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 779G

Power of Court to order compliance with provisions of SCH business rules

(1) If:

a person is bound to comply with a provision of the SCH business rules; and

the person contravenes the provision;

then, subject to subsection (2), the Court may, on the application of the securities clearing house, of ASIC, or of a person aggrieved by the contravention, make an order giving directions to the first-mentioned person about complying with the provision.

(2) The Court may not make an order giving directions to a person unless the person has been given an opportunity of being heard.

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