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CORPORATIONS REGULATIONS 2001 - REG 6.5.01

Wholesale holder of securities--telephone monitoring during bid period

             (1)  For paragraph 648J(4)(a) of the Act, the amount applicable in relation to securities to which that paragraph applies is $500 000, determined on the basis of the market value of the securities.

             (2)  For paragraph 648J(4)(d) of the Act, the following persons are prescribed:

                     (a)  a director of a recorder mentioned in subsection 648J(1) of the Act;

                     (b)  an executive officer of a recorder mentioned in subsection 648J(1) of the Act.

             (3)  For paragraph 648J(4)(d) of the Act:

                     (a)  an authorised representative of a financial services licensee who is acting on behalf of the bidder or target in relation to a takeover bid is prescribed only if the authorised representative is not involved in a telephone call as a holder of securities in the bidder or the target; and

                     (b)  any other person who is acting on behalf of the bidder or target in relation to a takeover bid is prescribed only if that person is not involved in a telephone call as a holder of securities in the bidder or the target.

   



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