Commonwealth Repealed Acts
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This legislation has been repealed.
CORPORATIONS LAW
- SECT 654A
Bidder not to dispose of securities during the bid
period
- (1)
- The bidder must not
dispose of any securities in the bid class during the bid
period.
- (2)
- Subsection (1) does not
apply to a disposal of securities by the bidder if:
- (a)
- someone
else who is not an associate of the bidder makes an offer, or improves the
consideration offered, under a takeover bid for securities in the bid class
after the bidder's statement is given to the target;
and
- (b)
- the bidder disposes of the
securities after the offer is made or the consideration is improved.
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