Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 654C

Disclosures about substantial shareholdings in unlisted companies

(1) A bidder making a bid for securities of an unlisted company must give the target a notice stating the bidder's voting power in the target if, at a particular time during the bid period, the bidder's voting power in the target rises from below a percentage in the following list to that percentage or higher:





(2) The notice must be given as soon as practicable, and in any event within 2 business days, after the rise in voting power occurred. (3) The target must:

make the notice available at its registered office for inspection without charge by any holder of bid class securities during the bid period; and

lodge the notice with ASIC.

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