Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW
- SECT 647

(1)

A supplementary bidder's statement must be sent to the target as soon as practicable.

(2)

A supplementary target's statement must be sent to the bidder as soon as practicable.

(3)

Either kind of supplementary statement must as soon as practicable be:

(a)

lodged with ASIC; and

(b)

if the bid class securities are quoted and the target is listed—sent to each relevant securities exchange that has a stock market on which the target's securities are quoted; and

(c)

if the bid is an off-market bid and the bid class securities are not quoted—sent to all holders of bid class securities who have not accepted an offer under the bid.

Note: Sections 648B and 648C provide for the manner in which documents may be sent to holders.