Document ID: chunk:federal_register_of_legislation:C2025C00185:section:708:p5
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 708 (pt 5/5)
Character Range: 2729542–2731248

consideration other than the release of the company from a debt or debts; and
 (c) before the offer was specified in the deed, the administrator gave as many creditors as reasonably practicable a statement:
 (i) that set out all relevant information about the offer that was within the knowledge of the administrator of the deed; and
 (ii) that stated that the statement is not a prospectus and may contain less information than a prospectus.

Takeovers
 (18) An offer of securities does not need disclosure to investors under this Part if it is:
 (a) made as consideration for an offer to acquire securities under a takeover bid under Chapter 6; and
 (b) accompanied by a bidder's statement.
Note: Although this offer does not need a disclosure document, similar disclosures must be made about the securities in the bidder's statement under section 636.

Debentures of certain bodies
 (19) An offer of a body's debentures for issue or sale does not need disclosure to investors under this Part if the body is:
 (a) an Australian ADI; or
 (b) registered under section 21 of the Life Insurance Act 1995.

Offers by exempt bodies
 (20) An offer of a body's securities in a State or Territory in this jurisdiction does not need disclosure to investors under this Part if the body is an exempt body corporate of that State or Territory.
Note: Section 66A defines exempt body corporate of a State or Territory.
 (21) An offer of a body's securities for issue does not need disclosure to investors under this Part if the body is an exempt public authority of a State or Territory.
Note: Debentures, stock or bonds issued by a government are not securities for the purposes of this Chapter (see subsection 92(3)).