Corporations Act 2001
CCH note - modifying legislative instruments: The application of Ch 6 is affected by the following legislative instruments that commenced or were amended on or after 1 January 2022: the ASIC Corporations (Takeover Bids) Instrument 2023/683; the ASIC Corporations (Warrants: Relevant Interests and Associations) Instrument 2023/687; the ASIC Corporations (Replacement Bidder ' s and Target ' s Statements) Instrument 2023/688; and the ASIC Corporations (Relief to Facilitate Admission of Exchange Traded Funds) Instrument 2024/147.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Ch 6, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
Note: This Chapter only applies to acquisitions of interests in a CCIV if the CCIV is a listed company: see Division 1 of Part 8B.7 .
If an application is made to the Takeovers Panel under this Division, the Takeovers Panel may, at any stage of the proceeding, if it is satisfied that the application is frivolous or vexatious: (a) dismiss the application; or (b) if the Takeovers Panel considers it appropriate, on the application of a party to the proceedings, direct that the person who made the application must not, without leave of the Takeovers Panel, make a subsequent application to the Takeovers Panel of a kind or kinds specified in the direction.
658A(2)
A direction given by the Takeovers Panel under paragraph (1)(b) has effect despite any other provision of this Act or a provision of any other Act.
658A(3)
The Takeovers Panel may revoke or vary the direction.
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