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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES    View history reference

Division 1 - Limit on control of certain licensees    View history reference

Subdivision A - 15% voting power limit    View history reference

SECTION 850E  INJUNCTIONS  

 View history reference

850E(1)  [Person whose interests affected]  


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

850E(2)  [Limitation]  


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

850E(3)  [Powers 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 Division.

850E(4)  [Limitation]  


The powers in sections 850D and 1324 do not, by implication, limit each other.


 



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