THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.13 - TITLE TO, AND TRANSFER OF, SECURITIES

Division 2 - Transfer of securities

SECTION 1094   REMEDY FOR REFUSAL TO REGISTER TRANSFER OR TRANSMISSION  

1094(1)  [Application for Court orders]  

Where a relevant authority in relation to a company refuses or fails to register, or refuses or fails to give its consent or approval to the registration of, a transfer or transmission of shares in, debentures of, or an interest made available by, the company, the transferee or transmittee may apply to the Court for an order under this section.

1094(2)  [Court orders]  

Where, on an application made under subsection (1), the Court is satisfied that the refusal or failure was without just cause, the Court may:

(a)  order that the transfer or transmission be registered; or

(b)  make such other order as it thinks just and reasonable, including, in the case of a transfer or transmission of shares, an order providing for the purchase of the shares by a specified member of the company or by the company and, in the case of a purchase by the company, providing for the reduction accordingly of the capital of the company.

1094(3)  [``relevant authority'']  

In this section:

``relevant authority'' , in relation to a company, means:

(a)  a person who has, 2 or more persons who together have, or a body that has, authority to register a transfer or transmission of shares in, debentures of, or interests made available by, the company; or

(b)  a person, 2 or more persons, or a body, whose consent or approval is required before a transfer or transmission of shares in, debentures of, or interests made available by, the company is registered.