Document ID: chunk:federal_register_of_legislation:C2008C00460:clause:1_213
Version: federal_register_of_legislation:C2008C00460
Segment Type: clause
Provision Reference: sch 1 cl 213
Character Range: 88665–89759

213  Subsection 739(1)
Repeal the subsection, substitute:

Power to make orders

 (1) This section applies if ASIC is satisfied that:
 (a) information in a disclosure document lodged with ASIC is not worded and presented in a clear, concise and effective manner (see section 715A); or
 (b) an offer of securities under a disclosure document lodged with ASIC would contravene section 728; or
 (c) an advertisement or publication of a kind referred to in subsection 734(5) or (6) that relates to securities is defective (see subsection (6) of this section).

 (1A) ASIC may order that:
 (a) if paragraph (1)(a) or (b) applies—no offers, issues, sales or transfers of the securities be made while the order is in force; or
 (b) if paragraph (1)(c) applies—specified conduct in respect of the securities to which the advertisement or publication relates must not be engaged in.

 (1B) An order under paragraph (1A)(b) may include a statement that specified conduct engaged in contrary to the order will be regarded as not complying with the requirements of a specified provision of this Chapter.