Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1240E

Compulsory acquisition--only available for securities in a listed CCIV

             (1)  Securities in a CCIV may only be compulsorily acquired or bought out under Chapter 6A if the CCIV is a listed company.

             (2)  If Part 6A.1 applies to a CCIV that is a listed company at the end of the bid period for a takeover, that Part continues to apply to the CCIV in relation to the takeover bid even if the CCIV ceases to be listed.

             (3)  If Part 6A.2 applies to a CCIV that is a listed company when a compulsory acquisition notice under section 664C is lodged, that Part (including Division 2 of that Part) continues to apply to the CCIV in relation to the notice even if the CCIV ceases to be listed.



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