THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 6 - TAKEOVERS

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History

Chapter 6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 6.5 - THE TAKEOVER PROCEDURE

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History

Part 6.5 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

Division 4 - Updating and correcting the bidder's statement and target's statement

SECTION 647   TO WHOM SUPPLEMENTARY STATEMENT MUST BE SENT  

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647(1)  (Target)  

A supplementary bidder's statement must be sent to the target as soon as practicable.

647(2)  [Bidder]  

A supplementary target's statement must be sent to the bidder as soon as practicable.

647(3)  [Other bodies]  

Either kind of supplementary statement must as soon as practicable be:

(a)  lodged with ASIC; and

(b)  if the bid class securities are quoted and the target is listed - sent to each relevant securities exchange that has a stock market on which the target's securities are quoted; and

(c)  if the bid is an off-market bid and the bid class securities are not quoted - sent to all holders of bid class securities who have not accepted an offer under the bid.

Note:

Sections 648B and 648C provide for the manner in which documents may be sent to holders.

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History

S 647 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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