Victorian Consolidated Legislation

Corporations (Ancillary Provisions) Act 2001 - SECT 23

Rules of the Supreme Court

23. Rules of the Supreme Court



(1) The Judges of the Supreme Court or a majority of them may make rules of
court-

   (a)  with respect to proceedings, and the practice and procedure, of that
        Court under the Corporations legislation; and

   (b)  with respect to any matter or thing that is-

   (i)  required or permitted by the Corporations legislation to be prescribed
        by rules within the meaning of the Corporations legislation; or

   (ii) necessary or convenient to be prescribed by such rules for carrying
        out or giving effect to the Corporations legislation; and

   (c)  without limitation, with respect to costs, and with respect to rules
        as to meetings ordered by that Court.

(2) When a lower court of Victoria is exercising jurisdiction with respect to
matters arising under the Corporations legislation, the court must apply the
rules of court made under subsection (1), with such alterations as are
necessary.

(3) In this section-

Corporations legislation means-

   (a)  the new Corporations Act; and

   (b)  the new ASIC Act; and

   (c)  the regulations made under the new Corporations Act and the new ASIC
        Act.