Financial Services Reform Act 2001 (122 of 2001)
Schedule 3 Other miscellaneous amendments
Part 1 Technical and other minor amendments
Corporations Act 2001
22 After subsection 650B(2)
Insert:
(2A) The person is entitled to receive the improved consideration immediately, subject to the following paragraphs:
(a) if the time for payment of the consideration in accordance with subsection 620(2) has not yet occurred, the person is not entitled to receive the improved consideration until that time;
(b) if the person has to make an election before being entitled to the improved consideration, the person is not entitled to receive the improved consideration until the later of:
(i) the time when the election is made; and
(ii) the time applicable under paragraph (a).