612
In forceEffect of non‑compliance with takeover rules for exceptions 1 to 4
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 6Takeovers
Part 6.2Exceptions to the prohibition
612 Effect of non‑compliance with takeover rules for exceptions 1 to 4
The exceptions in items 1 to 4 of the table in section 611 do not apply to a takeover bid if the bid is carried out in contravention of:
(a)
section 618 (full or proportionate bid); or
(b)
section 619 (offers to be the same); or
(c)
subsection 621(3) (minimum price); or
(d)
subsection 624(1) (minimum offer period); or
(e)
sections 625 to 630 (conditional offers); or
(f)
items 2, 3 and 6 in the table in subsection 633(1) (procedural steps for off‑market bid); or
(g)
items 3, 4 and 6 in the table in section 635 (procedural steps for market bid).
This Act’s bill:Explanatory memorandumSecond reading speech
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