Document ID: chunk:federal_register_of_legislation:F2021L00131:reg:12
Version: federal_register_of_legislation:F2021L00131
Segment Type: reg
Provision Reference: reg 12
Character Range: 11708–13366

12  Application under section 657C
(1)     An application under section 657C of the Corporations Act for a declaration of unacceptable circumstances or an order does not need to be in a particular form but must (except as provided in Rule 12(2)):
(a)     identify the company whose affairs are affected by the circumstances
(b)     set out the relevant circumstances and the key reasons as to why those circumstances are alleged to be unacceptable
(c)     state when the circumstances first arose (or where a precise date is unknown, a time period in which the circumstances first arose)
(d)     provide details of any proceedings threatened or commenced in another forum which are directly or indirectly related to the circumstances
(e)     state the interim orders or final orders sought
(f)      identify interested persons
(g)     where submissions to support the application are included, the submissions should not exceed 10 A4 pages in minimum 10 point font and
(h)     be accompanied by a Notice to Become a Party (except where the applicant is ASIC).
(2)     A request under section 657D(3) of the Corporations Act for a variation, revocation or suspension of a final order or an application under section 657E(1)(b) of the Corporations Act for an interim order does not need to comply with Rules 12(1)(a) through (d) but must explain what is sought by the applicant and set out the submissions to support it.
(3)     If an application under section 657C of the Corporations Act does not comply with Rule 12(1), the Panel (or before the Panel is appointed, the President) may direct that an amended application be provided before being considered.