Australian Securities and Investments Commission Regulations 2001

In addition to any other provision of this Part, the Takeovers Panel may:

direct that 2 or more related matters are to be considered in Takeovers Panel proceedings; and

identify the issues to be considered by the Takeovers Panel in its proceedings; and

give directions to a person about:

the manner in which a matter may be presented, either orally or in writing, to the Takeovers Panel; and

the duration of the time in which the person may address the Takeovers Panel or give evidence in Takeovers Panel proceedings; and

give directions to parties to lodge with the Takeovers Panel specified documents relating to Takeovers Panel proceedings; and

give directions to persons about the time at or before which documents must be lodged with the Takeovers Panel; and

extend the time at or before which documents must be lodged with the Takeovers Panel; and

invite a person who is not a party to make a submission in relation to Takeovers Panel proceedings; and

permit a person to amend or withdraw information or evidence given to, or a document lodged with, the Takeovers Panel for the purposes of Takeovers Panel proceedings; and

direct that Takeovers Panel proceedings be suspended for a period determined by the Takeovers Panel; and

direct that Takeovers Panel proceedings be deferred until a day determined by the Takeovers Panel.

In the performance of its functions and the exercise of its powers in relation to Takeovers Panel proceedings, the Takeovers Panel:

is not bound by the rules of evidence; and

must consider all relevant information contained in:

a submission that is lodged with the Takeovers Panel; and

other evidence that is given to the Takeovers Panel; and

must act:

as fairly and reasonably; and

with as little formality; and

having regard to the time available before the decision must be made, in as timely a manner;