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CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS  

PART 6.10 - REVIEW AND INTERVENTION  

Division 2 - The Takeovers Panel    View history reference

Subdivision B - Unacceptable circumstances  

SECTION 657E  INTERIM ORDERS  

657E(1)  [Power to make interim orders]  


The Panel, or the President of the Panel, may make an interim order of a kind referred to in subsection 657D(2) in relation to circumstances even if:


(a) there is no declaration under section 657A that the circumstances are unacceptable; or


(b) no application to the Panel for a declaration of that kind has been made.

The order must specify the period (not exceeding 2 months) for which it is to have effect.

657E(2)  [Where order ceases to have effect]  


The order ceases to have effect:


(a) at the end of the period specified in the order; or


(b) if, before the end of that period, proceedings for a declaration under section 657A in relation to the circumstances (and all related proceedings for an order under section 657D) are determined - when those proceedings are determined.

 



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