Corporations Act 2001

CHAPTER 8B - CORPORATE COLLECTIVE INVESTMENT VEHICLES  

PART 8B.7 - CONTROL, FINANCIAL SERVICES AND DISCLOSURE  

Division 1 - Takeovers, compulsory acquisitions and buy-outs  

SECTION 1240C   TAKEOVERS - BIDDER ' S STATEMENT CONTENT  

1240C(1)    
Subsection 636(1) has effect as if:

(a)    a reference in paragraph 636(1)(c) to a company or body did not include a reference to a CCIV that is a listed company; and

(b)    subsection 636(1) also included the following paragraph:

" (da) if the target is a CCIV that is a listed company - details of the bidder ' s intentions regarding:

(i) the continued operation of the CCIV; and

(ii) any major changes to be made to the operation of the CCIV, including any redeployment of the property of the CCIV; and

(iii) any plans to remove the current corporate director of the CCIV and appoint a new corporate director; " .

1240C(2)    
Subsection 636(1) also has effect as if:

(a)    a reference in paragraph 636(1)(g) to securities did not include a reference to securities in a CCIV that is a listed company; and

(b)    

subsection 636(1) also included the following paragraph:

" (gb) if any securities in a CCIV that is a listed company are offered as consideration under the bid and the bidder is:

(i) a retail CCIV; or

(ii) the corporate director of a retail CCIV; or

(iii) a person who controls a retail CCIV or the corporate director of a retail CCIV;

all material that would be required by section 1013C to be included in a Product Disclosure Statement given to a person in an issue situation in relation to those securities; " .