Corporations Act 2001

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS

PART 6A.2 - GENERAL COMPULSORY ACQUISITIONS AND BUY-OUTS

Division 1 - Compulsory acquisition of securities by 90% holder

CCH Note: Division 1 is modified by the ASIC Corporations (Takeover Bids) Instrument 2023/683; and the ASIC Corporations (Compulsory Acquisitions and Buyouts) Instrument 2023/684.

SECTION 664AA

664AA TIME LIMIT ON EXERCISING COMPULSORY ACQUISITION POWER

CCH Note: Section 664AA is modified by the ASIC Corporations (Takeover Bids) Instrument 2023/683; and the ASIC Corporations (Compulsory Acquisitions and Buyouts) Instrument 2023/684.

The 90% holder in relation to a class of securities of a company may compulsorily acquire securities in that class under section 664A only if the holder lodges the compulsory acquisition notice for the acquisition with ASIC under paragraph 664C(2)(a) within whichever of the following periods ends last:

(a) the period of 12 months that started on 13 March 2000; or

(b) the period of 6 months after the 90% holder becomes the 90% holder in relation to that class.

[ CCH Note: S 664AA will be amended by No 69 of 2020, s 3, Sch 1[1039], by substituting " the Registrar " for " ASIC " , (effective 1 July 2026 or a day or days to be fixed by Proclamation).]

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