Corporations Act 2001
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.
[ CCH Note: S 647(3) will be amended by No 69 of 2020, s 3, Sch 1, by substituting " the Registrar " for " ASIC " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
[ CCH Note: S 647(3A) will be inserted by No 69 of 2020, s 3, Sch 1 (effective 22 June 2022 or a day or days to be fixed by Proclamation). S 647(3A) will read:
Lodgement of a supplementary statement must meet any requirements of the data standards.]
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 .