(1) As soon as may be after completion in relation to a proposed special management order of the procedures required by section 13, the Minister shall apply ex parte to the Court for an order (in this Act called a "special management order") in the terms of the proposed special management order.
(2) The Court, when hearing an ex parte application under subsection (1), shall, if satisfied that the requirements of section 13 have been complied with, and that the opinion of the Minister under that section was reasonable and was not vitiated by any error of law, make a special management order in the terms of the proposed special management order (or those terms as varied after consideration of any submission referred to in section 13(4)(c)).
(3) A report prepared by the Bank (whether or not prepared specifically for the purpose of the application) in relation to matters within the Governor or the Bank's responsibilities, including the financial position of the relevant institution, i