Document ID: chunk:federal_register_of_legislation:F2021L00131:reg:14
Version: federal_register_of_legislation:F2021L00131
Segment Type: reg
Provision Reference: reg 14
Character Range: 14657–16149

14  Application for review of Panel decision
(1)     An application under section 657EA of the Corporations Act for a review of a Panel decision does not need to be in a particular form, but must:
(a)     identify the relevant decision of the Panel to which the review application relates
(b)     where submissions to support the application are included, the submissions should not exceed 10 A4 pages in minimum 10 point font and
(c)     be accompanied by a Notice to Become a Party (except where the applicant is ASIC).
(2)     A review of a decision of the Panel is a de novo consideration on the merits, having regard to the information available at the time of the review.
(3)     If the consent of the President for a review of a Panel decision is required under section 657EA(2) of the Corporations Act, the request must:
(a)     be addressed to the President
(b)     identify the relevant decision and
(c)     contain enough information to allow a proper consideration of the effects of the decision and the reasons for review.
Note:   Regulation 6.10.01 of the Corporations Regulations provides that an application for review of a decision of the Panel must not be made later than 2 business days after the day on which the decision was made.
(4)     If an application under section 657EA of the Corporations Act does not comply with Rule 14(1), the Panel (or before the Panel is appointed, the President) may direct that an amended application be provided before being considered.