Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.9A - PRODUCT INTERVENTION ORDERS  

SECTION 1023G   COMMENCEMENT AND DURATION OF PRODUCT INTERVENTION ORDERS  

Commencement of product intervention orders

1023G(1)    
A product intervention order comes into force:

(a) for an order that is a legislative instrument - on the day after the instrument is registered under the Legislation Act 2003 ; or

(b) otherwise - on the day after the notice under subsection 1023L(3) in relation to the order is published;

or a later day specified in the order.

Duration of product intervention orders

1023G(2)    
A product intervention order remains in force for:

(a) 18 months, or any shorter period specified by the regulations; or

(b) any shorter period specified in the order.

However, if the Court makes an order staying or otherwise affecting the operation or enforcement of a product intervention order, then, in determining when the period referred to in paragraph (a) or (b) ends, disregard the period during which the Court ' s order has that effect.

1023G(3)    
Subsection (2) does not apply to a product intervention order if a declaration under section 1023H (which relates to extensions of product intervention orders) is in force in relation to the order.

1023G(4)    
Subsection (2) does not prevent the revocation of a product intervention order.

Repeal of product intervention orders

1023G(5)    
A product intervention order that is a legislative instrument that ceases to be in force is repealed by force of this subsection.