Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 613

Bidder not to exercise voting rights if failure to send bids for off-market acquisition--exception 2 or 3

                   If the exception in item 2 or 3 of the table in section 611 applies to an acquisition on-market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:

                     (a)  the bid is an off-market bid; and

                     (b)  the bidder fails to send offers under the bid within 28 days after giving the bidder's statement to the target.



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