Financial Services Reform Act 2001 (122 of 2001)

Schedule 1   Financial Services and Markets

Part 2   Consequential amendments

Corporations Act 2001

381   Section 635 (table items 2 to 6)

Repeal the items, substitute:

2

The bidder must have the bid announced to the relevant financial market.

  

3

The bidder must send a copy of the bidder’s statement to the relevant market operator

To be done on the day the announcement is made

4

The bidder must send to the target:

· a copy of the bidder’s statement; and

· a copy of any other document that was sent with the bidder’s statement to the relevant market operator.

To be done on the day the announcement is made

5

The bidder must lodge with ASIC:

· a copy of the bidder’s statement; and

· a copy of any other document that was sent with the bidder’s statement to the relevant market operator.

To be done on the day the announcement is made

6

The bidder must send to each holder of bid class securities (other than the bidder):

· a copy of the bidder’s statement; and

· a copy of any other document that was sent with the bidder’s statement to the relevant market operator.

Within 14 days after the announcement is made.

Sections 648B and 648C provide for the manner in which documents may be sent to holders.

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