Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 650G

                   All takeover contracts, and all acceptances that have not resulted in binding takeover contracts, for an off-market bid are void if:

                     (a)  offers made under the bid have at any time been subject to a defeating condition; and

                     (b)  the bidder has not declared the offers to be free from the condition within the period before the date applicable under subsection 630(1) or (2); and

                     (c)  the condition has not been fulfilled at the end of the offer period.

A transfer of securities based on an acceptance or contract that is void under this section must not be registered.