Commonwealth Consolidated Regulations

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION REGULATIONS 2001 - REG 20

    As soon as practicable after receiving an application, the Takeovers Panel must:

  (a)   decide whether to conduct proceedings in relation to the application; and

  (b)   if the Takeovers Panel decides to conduct proceedings--prepare a brief setting out:

  (i)   a general description of the matters to be examined in the Takeovers Panel proceedings; and

  (ii)   the issues to be addressed in submissions for the proceedings.