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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 C - General provisions  

SECTION 658A  POWER OF PANEL WHERE A PROCEEDING IS FRIVOLOUS OR VEXATIOUS  

658A(1)  [Frivolous or vexatious applications]  


If an application is made to the Panel under this Division, the Panel may, at any stage of the proceeding, if it is satisfied that the application is frivolous or vexatious:


(a) dismiss the application; or


(b) if the Panel considers it appropriate, on the application of a party to the proceedings, direct that the person who made the application must not, without leave of the Panel, make a subsequent application to the Panel of a kind or kinds specified in the direction.

658A(2)  [Effect of direction]  


A direction given by the Panel under paragraph (1)(b) has effect despite any other provision of this Act or a provision of any other Act.

658A(3)  [Power to revoke or vary]  


The Panel may revoke or vary the direction.

 



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