Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If the Takeovers Panel decides, under regulation 20, to conduct proceedings, the Takeovers Panel must, as soon as practicable after making the decision, notify the decision to:
(a) the Commission; and
(b) each company to which, or person to whom, the relevant application relates.
(2) If the Takeovers Panel decides, under regulation 20, not to conduct proceedings, the Takeovers Panel must, as soon as practicable after making the decision:
(a) notify the decision to the Commission; and
(b) notify the decision to each company and person to whom the relevant application relates.