THE CORPORATIONS LAW

CHAPTER 6 - TAKEOVERS

SECTION 605   CLASSES OF SECURITIES  

605(1)  [Securities within a class]  

Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.

605(2)  [Limits of class definition]  

For the purposes of this Chapter and Chapters 6A and 6C, securities are not to be taken to be different classes merely because:

(a)  some of the securities are fully-paid and others are partly-paid; or

(b)  different amounts are paid up or remain unpaid on the securities.