For the purposes of paragraph 1020G(1)(c) of the Act, this Subdivision applies in relation to an offer for the purchase of securities of a proprietary company if:
(a) at the time the offer is made, the company:
(i) has one or more CSF shareholders; and
(ii) is an eligible CSF company; and
(b) Division 5A of Part 7.9 of the Act applies to the offer.