Document ID: chunk:federal_register_of_legislation:C2025C00185:section:2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 2
Character Range: 2459310–2460224

2                             An acquisition in relation to bid class securities that results from an on‑market transaction if:
                              (a) the acquisition is by or on behalf of the bidder under a takeover bid; and
                              (b) the acquisition occurs during the bid period; and
                              (c) the bid is for all the voting shares in the bid class; and
                              (d) the bid is unconditional or subject only to one or both of the following:
                              (i) a condition that relates to the occurrence or non‑occurrence of an event referred to in subsection 652C(1) or (2);
                              (ii) a condition that is required under subsection 625(3).
                              See also sections 612 and 613.
                              On‑market purchase of convertible securities during bid period