Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Court may make any order or orders (including a remedial order) that it considers appropriate if a person:
(a) contravenes a provision of Chapter 6, 6A, 6B or 6C; or
(b) contravenes a condition on a consent given by ASIC under section 652B; or
(c) states in a notice under section 672B about securities that they do not know particular information about:
(i) the securities; or
(ii) someone who has a relevant interest in, or has given instructions in relation to, the securities.
Note 1: Section 9 defines remedial order .
Note 2: Sections 659B and 659C deal with court proceedings during and after a takeover bid.
(2) The Court may make any order or orders (including a remedial order) that it considers appropriate if:
(a) the consideration offered under a takeover bid is or includes securities; and
(b) the offers under the bid or the bidder's statement states or implies that the securities will be able to be traded on a financial market (whether in Australia or elsewhere) and:
(i) an application for admission to quotation is not made within 7 days after the start of the bid period; or
(ii) permission for admission to quotation is not granted within 7 days after the end of the bid period.
Note: Section 9 defines remedial order .
(3) An order under this section may be made on application by the following:
(a) ASIC;
(b) the company, or the responsible entity of the registered scheme, whose securities are involved in the contravention;
(c) a member or former member of that company or scheme;
(d) a person from whom the relevant interest in the securities were acquired;
(e) a person whose interests are affected by the contravention.