Corporations Act 2001
CHAPTER 6
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TAKEOVERS
SECTION 605
CLASSES OF SECURITIES
605(1)
Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.
605(2)
For the purposes of this Chapter and Chapters 6A and 6C , securities are not taken to be different classes merely because: (a) some of the securities are fully-paid and others are partly-paid; or (b) different amounts are paid up or remain unpaid on the securities.
Note: This Chapter only applies to acquisitions of interests in a CCIV if the CCIV is a listed company: see Division 1 of Part 8B.7 .
View history note
Hide history noteCCH Note: Section 605 is modified by the ASIC Corporations (Takeover Bids) Instrument 2023/683; the ASIC Corporations (Warrants: Relevant Interests and Associations) Instrument 2023/687; and the ASIC Corporations (Replacement Bidder ' s and Target ' s Statements) Instrument 2023/688.
Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.
605(2)
For the purposes of this Chapter and Chapters 6A and 6C , securities are not taken to be different classes merely because: (a) some of the securities are fully-paid and others are partly-paid; or (b) different amounts are paid up or remain unpaid on the securities.
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