Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 605

Classes of securities

             (1)  Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.

             (2)  For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because:

                     (a)  some of the securities are fully-paid and others are partly-paid; or

                     (b)  different amounts are paid up or remain unpaid on the securities.



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