Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW
- SECT 645
Form of supplementary statement
Identity as a supplementary statement
- (1)
- At the beginning of a
supplementary bidder's or target's statement there must be:
- (a)
- a statement
that it is a supplementary statement;
and
- (b)
- an identification of the
statement it supplements;
and
- (c)
- an identification of any
previous supplementary statements lodged with ASIC in relation to the bid;
and
- (d)
- a statement that it is to
be read together with the statement it supplements and any previous
supplementary statements.
Approval of supplementary bidder's statement
- (2)
- The copy of the
supplementary bidder's statement that is lodged with ASIC must be approved by:
- (a)
- for a
bidder that is a body corporate:
- (i)
- if the
consideration offered under the bid is a cash sum onlya resolution
passed by the directors of the bidder;
or
- (ii)
- otherwisea
unanimous resolution passed by all the directors of the bidder; or
- (b)
- for a bidder who is an
individualthe bidder.
Approval of supplementary target's statement
- (3)
- The copy of a
supplementary target's statement that is lodged with ASIC must be approved by:
- (a)
- if
paragraphs (b) and (c) do not applya resolution passed by the directors
of the target; or
- (b)
- for a target that is under
administrationthe liquidator or administrator;
or
- (c)
- for a target that has
executed a deed of company arrangement that has not yet terminatedthe
deed's administrator.
Date
- (4)
- A supplementary statement
must be dated. The date is the date on which it is lodged with ASIC.
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