Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 650A

General

             (1)  A bidder may only vary the offers under an off-market bid in accordance with section 650B, 650C or 650D.

Note:          ASIC may allow other variations under section 655A.

             (2)  If the bidder varies the offer under an off-market bid in accordance with section 650B, 650C or 650D, the bidder must vary all unaccepted offers under the bid in the same way.

Note:          Subsections 650B(2) and (3) deal with the effect of a variation on takeover contracts that have already resulted from acceptances of offers under the bid when the variation is made.



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