Document ID: chunk:federal_register_of_legislation:F2021L00131:reg:13
Version: federal_register_of_legislation:F2021L00131
Segment Type: reg
Provision Reference: reg 13
Character Range: 13366–14657

13  Application for review of ASIC decision
(1)     An application under section 656A of the Corporations Act for review of an ASIC decision must:
(a)     explain how the applicant's interests are affected by the decision and, to the extent available, include a copy of:
(i)      the application to ASIC
(ii)    any relevant submissions received by ASIC
(iii)  any instrument granted by ASIC and
(iv)   any notice of the decision and any statement of grounds or reasons for the decision provided by ASIC
(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.
(2)     A review of a decision of ASIC is a de novo consideration on the merits, having regard to the information available at the time of the review.
(3)     As soon as practicable after receipt of an application for review of an ASIC decision, ASIC must give the Panel and each party a statement of its findings of fact and reasons for its decision.
(4)     If an application under section 656A of the Corporations Act does not comply with Rule 13(1), the Panel (or before the Panel is appointed, the President) may direct that an amended application be provided before being considered.