Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 27 - Transitional matters under the Act (other than Chapter 7)  

REGULATION 10.2.129   BIDDER'S STATEMENT CONTENT  

10.2.129(1)   [ Application]  

For section 1444 of the Act, this regulation applies if:

(a) after the FSR commencement, a bidder offers managed investment products as consideration under a takeover bid; and

(b) Division 2 of Part 7.9 of the Act does not apply to the managed investment products when the bidder lodges with ASIC the bidder's statement under section 636 of the Act.

10.2.129(2)   [ Deemed securities]  

Paragraph 636(1) (g) of the Act applies to the bidder's statement as if the managed investment products were securities other than managed investment products.

10.2.129(3)   [ Limitation]  

Paragraph 636(1) (ga) of the Act does not apply to the bidder's statement.