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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 C - Other matters    View history reference

SECTION 852A  ACQUISITION OF PROPERTY  

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852A(1)  [Unjust acquisition of property]  


The Court must not make an order under section 850D 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.

852A(2)  [Limitation]  


Section 1350 does not apply in relation to the making of an order under section 850D.

852A(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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