Document ID: chunk:federal_register_of_legislation:C2025C00185:section:651b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 651B
Character Range: 2573509–2574042

651B  How to make an election for new forms of consideration
 (1) 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.
 (2) 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.