Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 664B

The terms for compulsory acquisition

             (1)  The 90% holder may acquire the securities in the class for a cash sum only and, subject to subsection (2), must pay the same amount for each security in the class acquired.

             (2)  The 90% holder may pay different amounts for the securities in the class acquired if the differences are attributable to either or both of the following:

                     (a)  the fact that there are differences in the accrued dividend or distribution entitlements of the securities;

                     (b)  the fact that there are differences in the amounts paid up, or that remain unpaid, on the securities.



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