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CORPORATIONS ACT 2001

CHAPTER 5D - LICENSED TRUSTEE COMPANIES    View history reference

PART 5D.5 - LIMIT ON CONTROL OF LICENSED TRUSTEE COMPANIES    View history reference

Division 1 - 15% voting power limit    View history reference

SECTION 601VAD  INJUNCTIONS  

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601VAD(1)  [Persons affected]  


If any conduct (including a refusal or failure to act) amounts or would amount to a contravention of this Part in relation to a particular licensed trustee company, the trustee company is taken, for the purposes of section 1324, to be a person whose interests are affected by the conduct.

601VAD(2)  [Class of persons not limited]  


Subsection (1) does not, by implication, limit the class of persons whose interests are affected by the conduct.

601VAD(3)  [Power of Minister]  


The Minister has the same powers as ASIC to apply for an injunction under section 1324 in relation to a contravention of this Part.

601VAD(4)  [Powers not limited]  


The powers in sections 601VAC and 1324 do not, by implication, limit each other.


 



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