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 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS

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History

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

SECTION 660B   CHAPTER EXTENDS TO LISTED MANAGED INVESTMENT SCHEMES  

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660B(1)  [Extension of Chapter]  

This Chapter extends to the acquisition of interests in a listed managed investment scheme registered in this jurisdiction as if:

(a)  the scheme were a company; and

(b)  interests in the scheme were shares in the company; and

(c)  voting interests in the scheme were voting shares in the company.

660B(2)  [Application of bid to non-listed scheme]  

If Part 6A.1 applies to a scheme at the end of the bid period for a takeover, that Part continues to apply to the scheme in relation to the takeover bid even if the scheme ceases to be listed.

660B(3)  [Application of notice to non-listed scheme]  

If Part 6A.2 applies to a scheme when a compulsory acquisition notice under section 664C is lodged, that Part (including Division 2 of that Part) continues to apply to the scheme in relation to the notice even if the scheme ceases to be listed.

660B(4)  [Power to modify]  

The regulations may modify the operation of this Chapter as it applies in relation to the acquisition of interests in listed managed investment schemes.

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History

S 660B inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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