Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1240c
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1240C
Character Range: 5262395–5263760

1240C  Takeovers—bidder's statement content
 (1) Subsection 636(1) has effect as if:
 (a) a reference in paragraph 636(1)(c) to a company or body did not include a reference to a CCIV that is a listed company; and
 (b) subsection 636(1) also included the following paragraph:
 "(da) if the target is a CCIV that is a listed company—details of the bidder's intentions regarding:
 (i) the continued operation of the CCIV; and
 (ii) any major changes to be made to the operation of the CCIV, including any redeployment of the property of the CCIV; and
 (iii) any plans to remove the current corporate director of the CCIV and appoint a new corporate director;".
 (2) Subsection 636(1) also has effect as if:
 (a) a reference in paragraph 636(1)(g) to securities did not include a reference to securities in a CCIV that is a listed company; and
 (b) subsection 636(1) also included the following paragraph:
 "(gb) if any securities in a CCIV that is a listed company are offered as consideration under the bid and the bidder is:
 (i) a retail CCIV; or
 (ii) the corporate director of a retail CCIV; or
 (iii) a person who controls a retail CCIV or the corporate director of a retail CCIV;
  all material that would be required by section 1013C to be included in a Product Disclosure Statement given to a person in an issue situation in relation to those securities;".