THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 6 - TAKEOVERS

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History

Chapter 6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

PART 6.6 - VARIATION OF OFFERS

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History

Part 6.6 substituted by No 156 of 1999, Sch 1 (effective 13 March 2000).

Division 3 - Off-market bids (automatic variations)

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

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651B(1)  [Method of election]  

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)  [Entitlement to new consideration]  

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.

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History

S 651B inserted by No 156 of 1999, Sch 1 (effective 13 March 2000).

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