Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 657EB

             (1)  A Court hearing proceedings in relation to a decision of the Panel made on an application under section 657C may refer the decision to the Panel for review.

Note:          Regulations made under the ASIC Act deal with the constitution of the Panel for the purposes of conducting a review under this section and the procedures to be followed in conducting the review.

             (2)  After conducting a review under this section, the Panel may:

                     (a)  vary the decision reviewed; or

                     (b)  set aside the decision reviewed; or

                     (c)  set aside the decision reviewed and substitute a new decision.

                     In conducting the review, the Panel has the same powers to make a declaration under section 657A, or an order under section 657D or 657E, as it has when it is considering an application under section 657C.