Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1019G

Duration and withdrawal of offers

             (1)  An offer to which this Division applies:

                     (a)  must remain open for at least 1 month after the date of offer; and

                     (b)  cannot remain open for more than 12 months after the date of offer.

             (2)  The offer may be withdrawn by the offeror at any time, but not within 1 month of the date of offer.

             (3)  The offer may only be withdrawn by the offeror by sending a withdrawal document in printed or electronic form to the offeree in accordance with paragraphs 1019E(1)(a) and (b). The withdrawal document must identify the offeror and be dated.

             (4)  A purported withdrawal of the offer contrary to subsection (2) or (3) is ineffective.



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