Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 651B

How to make an election for new forms of consideration

(1) An election under section 650B or 651A to take a new form of consideration must be made:

(a)
by written notice to the bidder; and

(b)
within 1 month after the person receives the notice from the bidder of their right to make the election.

(2) The person becomes entitled to the new form of consideration if they:

(a)
make the election; and

(b)
return to the bidder:

(i)
any consideration they have already received; and
(ii)
any necessary transfer documents.


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