Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 658

658. Where an offeree who has accepted a takeover offer that is subject to a
defeating condition receives a copy of a notice under subsection 657 (1) in
relation to a variation of offers under the takeover scheme, being a variation
the effect of which is to postpone for more than one month the time when the
offeror's obligations under the takeover scheme are to be satisfied:

   (a)  the offeree may withdraw the offeree's acceptance of the offer by:

        (i)    giving written notice to the offeror within one month beginning
               on the day after the day on which the copy of the
               first-mentioned notice was received; and

        (ii)   returning with the notice any consideration received by the
               offeree together with any necessary documents of transfer; and

   (b)  if the offeree gives such a notice to the offeror and returns with the
        notice any such consideration and any necessary documents of transfer,
        the offeror shall return to the offeree, before the end of 14 days
        after the day on which the notice was received, any documents that
        were sent by the offeree to the offeror with the acceptance of the
        offer.