Commonwealth Numbered Acts

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COMPANIES (ACQUISITION OF SHARES) ACT 1980 No. 64 of 1980 - SECT 34

Suspension of acceptance of offers made pursuant to take-over announcement
34. After the making of a take-over announcement and before the end of the
period in which offers constituted by the take-over announcement remain open,
the Commission may, on the application of the on-market offeror or the member
of the stock exchange that is referred to in sub-section 17 (2) who made the
take-over announcement on behalf of the on-market offeror, by order in writing
declare that such of the offers as have not been accepted are not capable of
being accepted while the order is in force but, where such an order is made,
the period for which the offers remain open shall be ascertained for the
purposes of this Act as if the order had not been made. 


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