Corporations Amendment (Takeovers) Act 2007 (64 of 2007)

Schedule 1   Amendment of the takeovers provisions

Corporations Act 2001

7   At the end of section 657EA

Add:

(5) Despite section 657B, the Panel can only make a declaration under section 657A after conducting a review under this section if the declaration is made within:

(a) 3 months after the circumstances in relation to which the declaration is made occur; or

(b) 1 month after the application for review was made;

whichever ends last. The Court may extend the period on application by the Panel.