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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 3 - Other matters    View history reference

SECTION 601VCA  ACQUISITION OF PROPERTY  

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601VCA(1)  [Remedial orders resulting in acquisition of property]  


The Court must not make an order under section 601VAC if:


(a) the order would result in the acquisition of property from a person otherwise than on just terms; and


(b) the order would be invalid because of paragraph 51(xxxi) of the Constitution.

601VCA(2)  [Application of compensation provision]  


Section 1350 does not apply in relation to the making of an order under section 601VAC.

601VCA(3)  [Definitions]  


In this section:

acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.

just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.


 



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