Document ID: chunk:federal_register_of_legislation:F2023L01305:body:0:p3
Version: federal_register_of_legislation:F2023L01305
Segment Type: other
Provision Reference: 
Character Range: 5111–6035

619(4) of the Act.
Note: Subsection 619(4) is notionally inserted into the Act by ASIC Corporations (Takeover Bids) Instrument 2023/683.

       Part 2—Exemption

5 On-sale disclosure relief for scrip bids and schemes of arrangement
(1) A person who makes an offer for sale of scrip consideration does not, for that offer, have to comply with:
(a) subsection 707(3) of the Act; or
(b) subsection 1012C(3) of the Act insofar as it applies to an offer that takes place in the circumstances covered by subsection 1012C(6) of the Act.
(2) A person who makes a recommendation to acquire scrip consideration does not, for that recommendation, have to comply with subsection 1012A(3) of the Act insofar as it applies to an acquisition by way of a transfer of the scrip consideration in circumstances covered by subsection 1012C(6) of the Act.

Part 3—Repeal

6 Repeal
    This instrument is repealed at the start of 1 October 2028.