Corporations Amendment (Takeovers) Act 2007 (64 of 2007)
Schedule 1 Amendment of the takeovers provisions
Corporations Act 2001
4 Paragraph 657A(2)(b)
Repeal the paragraph, substitute:
(b) are otherwise unacceptable (whether in relation to the effect that the Panel is satisfied the circumstances have had, are having, will have or are likely to have in relation to the company or another company or in relation to securities of the company or another company) having regard to the purposes of this Chapter set out in section 602; or
(c) are unacceptable because they:
(i) constituted, constitute, will constitute or are likely to constitute a contravention of a provision of this Chapter or of Chapter 6A, 6B or 6C; or
(ii) gave or give rise to, or will or are likely to give rise to, a contravention of a provision of this Chapter or of Chapter 6A, 6B or 6C.
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