Document ID: chunk:federal_register_of_legislation:C2005C00504:clause:4_59a
Version: federal_register_of_legislation:C2005C00504
Segment Type: clause
Provision Reference: sch 4 cl 59A
Character Range: 68995–70364

59A  Court proceedings before end of bid period for takeover bid etc.

 (1) The object of this section is to ensure that section 659B of the Corporations Law has the same effect in relation to proceedings in courts exercising federal jurisdiction as that section has in relation to proceedings in other courts exercising jurisdiction under the Corporations Law.

 (2) Section 659B of the Corporations Law applies as a law of the Commonwealth, by force of this section, as if a reference in the relevant definition to proceedings were a reference to the following proceedings before the Federal Court or before another court exercising federal jurisdiction:
 (a) proceedings under the Administrative Decisions (Judicial Review) Act 1977;
 (b) proceedings in which a writ of mandamus or prohibition or an injunction is sought against an officer or officers of the Commonwealth.
For the purposes of this subsection, relevant definition means the definition of court proceedings in relation to a takeover bid or proposed takeover bid in subsection 659B(4) of the Corporations Law.

 (3) The application of section 659B of the Corporations Law in accordance with this section is in addition to the application that it has apart from this section.

 (4) Nothing in this section is intended to affect the jurisdiction of the High Court under section 75 of the Constitution.