CORPORATIONS ACT 2001
CHAPTER 6
-
TAKEOVERS
SECTION 605
CLASSES OF SECURITIES
605(1)
[
Securities within a class]
(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.
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) [ Interpretation]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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