Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 657C

  (1)   The Takeovers Panel may make a declaration under section   657A, or an order under section   657D or 657E, only on an application made under this section.

  (2)   An application for a declaration under section   657A or an order under section   657D or 657E may be made by:

  (a)   the bidder; or

  (b)   the target; or

  (c)   ASIC; or

  (d)   any other person whose interests are affected by the relevant circumstances.

Note:   The Administrative Review Tribunal cannot review ASIC's decision whether to apply to the Takeovers Panel (see paragraph   1317C(gc)).

  (3)   An application for a declaration under section   657A can be made only within:

  (a)   2 months after the circumstances have occurred; or

  (b)   a longer period determined by the Takeovers Panel.