Corporations Act 2001


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 .


Division 1 - General  


617(1)   Off-market bid.  

An off-market bid must relate to securities:

(a) in a class of securities (the bid class ); and

(b) that exist or will exist as at the date set by the bidder under subsection 633(2).

Note: Subsection 92(3) defines securities for the purposes of this Chapter.

617(2)   [ Effect of conversion or conferral]  

If other securities exist or will exist at that date that:

(a) will convert, or may be converted, to securities in the bid class; or

(b) confer rights to be issued securities in the bid class;

the bid may extend to securities that come to be in the bid class during the offer period due to a conversion or exercise of the rights.

Note: The bidder's statement must say if the bid is extended in this way (see paragraph 636(1)(j)).

617(3)   Market bid.  

A market bid must relate to securities:

(a) in a class of quoted securities (the bid class ); and

(b) that exist or will exist at any time during the offer period.


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