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 C - Other matters  

SECTION 852A   ACQUISITION OF PROPERTY  

852A(1)   [ Unjust acquisition of property]  

The Court must not make an order under section 850D if:

(a) the order would result in the acquisition of property from a person otherwise than on just terms; and

(b) the order would be invalid because of paragraph 51 (xxxi) of the Constitution.

852A(2)   [ Limitation]  

Section 1350 does not apply in relation to the making of an order under section 850D .

852A(3)   [ Definitions]  

In this section:

acquisition of property
has the same meaning as in paragraph 51 (xxxi) of the Constitution.

just terms
has the same meaning as in paragraph 51 (xxxi) of the Constitution.