Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW- SECT 613
Bidder not to exercise voting rights if failure to send bids for off-market acquisition—exception 2 or 3
If the exception in item 2 or 3 of the table in section 611 applies to an
acquisition on-market during a takeover bid, the bidder is not entitled to
exercise the voting rights attached to the shares if:
- (a)
- the bid is an off-market bid;
and
- (b)
- the bidder fails to send offers under the bid within 28 days
after giving the bidder's statement to the target.
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