Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 605

Classes of securities

  (1)   Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy - out rights operate on securities within a particular class.

  (2)   For the purposes of this Chapter and Chapters   6A and 6C, securities are not taken to be different classes merely because:

  (a)   some of the securities are fully - paid and others are partly - paid; or

  (b)   different amounts are paid up or remain unpaid on the securities.



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