Corporations Act 2001



Division 4 - Conditional offers  


625(1)   Market bids.  

Offers under a market bid must be unconditional.

625(2)   Off-market bids may generally be conditional.  

Offers under an off-market bid may be subject to conditions that are not prohibited by sections 626 to 629.

625(3)   [ Rules in relation to quoted securities]  


(a) the consideration offered is or includes securities; and

(b) the offer or the bidder's statement states or implies that the securities are to be quoted on a financial market (whether in Australia or elsewhere);

the following rules apply:

(c) the offer is subject to a condition that:

(i) an application for admission to quotation will be made within 7 days after the start of the bid period; and

(ii) permission for admission to quotation will be granted no later than 7 days after the end of the bid period;

(d) the offer may not be freed from this condition.

Note: Section 1325A provides that a Court may make a remedial order if the condition is not satisfied.


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