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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.7A - BEST INTERESTS OBLIGATIONS AND REMUNERATION    View history reference

Division 2 - Best interests obligations    View history reference

Subdivision F - Responsibilities of licensees under this Division    View history reference

SECTION 961N  ADDITIONAL POWERS OF COURT TO MAKE ORDERS  

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961N(1)  

The Court dealing with an action under subsection 961M(2) may, in addition to awarding loss or damage under that subsection and if it thinks it necessary in order to do justice between the parties:


(a) make an order declaring void a contract entered into by the client for or relating to a financial product or a financial service; and


(b) if it makes an order under paragraph (a) - make such other order or orders as it thinks are necessary or desirable because of that order.

961N(2)  

Without limiting paragraph (1)(b), an order under that paragraph may include either or both of the following:


(a) an order for the return of money paid by a person;


(b) an order for the payment of an amount of interest specified in, or calculated in accordance with, the order.


 



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