THE CORPORATIONS LAW

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS

PART 6A.2 - GENERAL COMPULSORY ACQUISITIONS AND BUY-OUTS

Division 1 - Compulsory acquisition of securities by 90% holder

SECTION 664AA   TIME LIMIT ON EXERCISING COMPULSORY ACQUISITION POWER  

664AA    The 90% holder in relation to a class of securities of a company may compulsorily acquire securities in that class under section 664A only if the holder lodges the compulsory acquisition notice for the acquisition with ASIC under paragraph 664C(2)(a) within whichever of the following periods ends last:

(a)  the period of 12 months after the commencement of this section; or

(b)  the period of 6 months after the 90% holder becomes the 90% holder in relation to that class.