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 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES  

Division 1 - Limit on control of certain licensees  

Subdivision A - 20% voting power limit  

SECTION 850E   INJUNCTIONS  

850E(1)   [ Person whose interests affected]  

If any conduct (including a refusal or failure to act) amounts or would amount to a contravention of this Division in relation to a particular widely held market body, the body is taken, for the purposes of section 1324 , to be a person whose interests are affected by the conduct.

850E(2)   [ Limitation]  

Subsection (1) does not, by implication, limit the class of persons whose interests are affected by the conduct.

850E(3)   [ Powers of Minister]  

The Minister has the same powers as ASIC to apply for an injunction under section 1324 in relation to a contravention of this Division.

850E(4)   [ Limitation]  

The powers in sections 850D and 1324 do not, by implication, limit each other.