Document ID: chunk:federal_register_of_legislation:C2025C00185:section:600k:p7
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 600K (pt 7/12)
Character Range: 2160681–2163933

access issue—exception 10
Part 6.3—The different types of takeover bid
616 Off‑market bids and market bids
Part 6.4—Formulating the takeover offer
Division 1—General
617 Securities covered by the bid
618 Offers must be for all or a proportion of securities in the bid class
619 General terms of the offer
620 Off‑market bid (offer formalities)
Division 2—Consideration for the offer
621 Consideration offered
622 Escalation agreements
623 Collateral benefits not allowed
Division 3—The offer period
624 Offer period
Division 4—Conditional offers
625 Conditional offers—general
626 Maximum acceptance conditions in off‑market bids
627 Discriminatory conditions not allowed for off‑market bids
628 Conditions requiring payments to officers of target not allowed in off‑market bids
629 Conditions turning on bidder's or associate's opinion not allowed in off‑market bids
630 Defeating conditions
Part 6.5—The takeover procedure
Division 1—The overall procedure
631 Proposing or announcing a bid
632 Overview of steps in an off‑market bid
633 Detailed steps in an off‑market bid
634 Overview of steps in a market bid
635 Detailed steps in a market bid
Division 2—The bidder's statement
636 Bidder's statement content
637 Bidder's statement formalities
Division 3—The target's response
638 Target's statement content
639 Target's statement formalities
640 Expert's report to accompany target's statement if bidder connected with target
641 Target must inform bidder about securities holdings
641A Use or disclosure of information obtained from target
642 Expenses of directors of target companies
Division 4—Updating and correcting the bidder's statement and target's statement
643 Supplementary bidder's statement
644 Supplementary target's statement
645 Form of supplementary statement
646 Consequences of lodging a supplementary statement
647 To whom supplementary statement must be sent
Division 5—General rules on takeover procedure
Subdivision A—Experts' reports
648A Experts' reports
Subdivision B—Sending documents to holders of securities
648B Address at which bidder may send documents to holders of securities
648C Sending documents to holders of securities—general
648CB Sending documents to holders of securities—effect of election by holder to be sent documents by target in particular form
Subdivision C—Effect of proportional takeover approval provisions
648D Constitution may contain proportional takeover approval provisions
648E Resolution to be put if proportional bid made
648F Effect of rejection of approval resolution
648G Including proportional takeover provisions in constitution
648H Effect of Subdivision
Part 6.6—Variation of offers
Division 1—Market bids
649A General
649B Market bids—raising bid price
649C Market bids—extending the offer period
Division 2—Off‑market bids (express variation by bidder)
650A General
650B Off‑market bids—consideration offered
650C Off‑market bids—extension of offer period
650D Off‑market bids—method of making variation
650E Right to withdraw acceptance
650F Freeing off‑market bids from defeating conditions
650G Contracts and acceptances void if defeating condition not fulfilled
Division 3—Off‑market bids (automatic variations)
651A Off‑market bid—effect on bid consideration of purchases