Orders if contravention of Chapter 6, 6A, 6B or 6C
(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.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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