THE CORPORATIONS LAW

CHAPTER 6 - TAKEOVERS

PART 6.2 - EXCEPTIONS TO THE PROHIBITION

SECTION 613   BIDDER NOT TO EXERCISE VOTING RIGHTS IF FAILURE TO SEND BIDS FOR OFF-MARKET ACQUISITION - EXCEPTION 2 OR 3  

613     If the exception in item 2 or 3 of the table in section 611 applies to an acquisition on-market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:

(a)  the bid is an off-market bid; and

(b)  the bidder fails to send offers under the bid within 28 days after giving the bidder's statement to the target.