Section 657E — Corporations Act 2001: Interim orders

(1) The Takeovers Panel, or the President of the Takeovers Panel, may make an interim order of a kind referred to in subsection 657D(2) in relation to circumstances even if: (a) there is no declaration under section 657A that the circumstances are unacceptable; or (b) no application to the Takeovers Panel for a declaration of that kind has been made. The order must specify the period (not exceeding 2 months) for which it is to have effect. (2) The order ceases to have effect: (a) at the end of the period specified in the order; or (b) if, before the end of that period, proceedings for a declaration under section 657A in relation to the circumstances (and all related proceedings for an order under section 657D) are determined—when those proceedings are determined.