Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 651B

How to make an election for new forms of consideration

(1) An election under section 650B or 651A to take a new form of consideration must be made:

by written notice to the bidder; and

within 1 month after the person receives the notice from the bidder of their right to make the election.

(2) The person becomes entitled to the new form of consideration if they:

make the election; and

return to the bidder:

any consideration they have already received; and
any necessary transfer documents.

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