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 6.6 - VARIATION OF OFFERS  

Division 3 - Off-market bids (automatic variations)  

SECTION 651B   HOW TO MAKE AN ELECTION FOR NEW FORMS OF CONSIDERATION  

651B(1)    
An election under section 650B or 651A to take a new form of consideration must be made:

(a)    by written notice to the bidder; and

(b)    within 1 month after the person receives the notice from the bidder of their right to make the election.

651B(2)    
The person becomes entitled to the new form of consideration if they:

(a)    make the election; and

(b)    return to the bidder:

(i) any consideration they have already received; and

(ii) any necessary transfer documents.