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AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GBCD Civil enforcement of relinquishment order

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 12GBCD

Civil enforcement of relinquishment order

  (1)   The amount payable under a relinquishment order is a debt payable to ASIC on behalf of the Commonwealth.

  (2)   ASIC or the Commonwealth may enforce a relinquishment order as if it were an order made in civil proceedings against the person to recover a debt due by the person. The debt arising from the order is taken to be a judgment debt.