Corporations Act 2001
CHAPTER 6A
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COMPULSORY ACQUISITIONS AND BUY-OUTS
SECTION 660B
CHAPTER EXTENDS TO LISTED REGISTERED SCHEMES
660B(1)
This Chapter extends to the acquisition of interests in a registered scheme that is also listed as if:
(a) the scheme were a company; and
(b) interests in the scheme were shares in the company; and
(c) voting interests in the scheme were voting shares in the company. 660B(2)
If Part 6A.1 applies to a scheme at the end of the bid period for a takeover, that Part continues to apply to the scheme in relation to the takeover bid even if the scheme ceases to be listed. 660B(3)
If Part 6A.2 applies to a scheme when a compulsory acquisition notice under section 664C is lodged, that Part (including Division 2 of that Part) continues to apply to the scheme in relation to the notice even if the scheme ceases to be listed.
660B(4)
The regulations may modify the operation of this Chapter as it applies in relation to the acquisition of interests in listed registered schemes.
This Chapter extends to the acquisition of interests in a registered scheme that is also listed as if:
(a) the scheme were a company; and
(b) interests in the scheme were shares in the company; and
(c) voting interests in the scheme were voting shares in the company. 660B(2)
If Part 6A.1 applies to a scheme at the end of the bid period for a takeover, that Part continues to apply to the scheme in relation to the takeover bid even if the scheme ceases to be listed. 660B(3)
If Part 6A.2 applies to a scheme when a compulsory acquisition notice under section 664C is lodged, that Part (including Division 2 of that Part) continues to apply to the scheme in relation to the notice even if the scheme ceases to be listed.
[ CCH Note: S 660B(3) will be amended by No 69 of 2020, s 3, Sch 1[1019], by inserting " with the Registrar " after " lodged " , (effective 22 June 2022 or a day or days to be fixed by Proclamation).]
The regulations may modify the operation of this Chapter as it applies in relation to the acquisition of interests in listed registered schemes.
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