Corporations Act 2001

CHAPTER 6 - TAKEOVERS  

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 .

PART 6.5 - THE TAKEOVER PROCEDURE  

Division 4 - Updating and correcting the bidder's statement and target's statement  

SECTION 647   TO WHOM SUPPLEMENTARY STATEMENT MUST BE SENT  

647(1)  
A supplementary bidder ' s statement must be sent to the target as soon as practicable.

647(2)  
A supplementary target ' s statement must be sent to the bidder as soon as practicable.

647(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 the operator of each prescribed financial 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.

647(4)  


An offence based on subsection (1) , (2) or (3) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .


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