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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 605

Classes of securities

(1) Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class. (2) For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because:

some of the securities are fully-paid and others are partly-paid; or

different amounts are paid up or remain unpaid on the securities.

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