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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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