Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p82
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 217508–220220

in writing:
 1.         an increase to the price offered for Cash Market Products in the Bid Class;
(b)       an extension to the Offer Period;
(c)        a withdrawal of the Takeover Market Bid;
(d)       any other variation to the Takeover Market Bid in accordance with the Corporations Act; or
(e)        if the Market Participant ceases to act on behalf of the Bidder.

        Part 5.13 Acquisition of Cash Market Products during the Bid Period

5.13.1 Acquisition of Cash Market Products by Bidder
(1) This rule applies to both Takeover Market Bids and Takeover Off-Market Bids.
(2) A Market Participant acting on behalf of a Bidder must not offer to buy on behalf of the Bidder Cash Market Products in the Bid Class On-Market during the Bid Period for a price that varies from the consideration offered under the Takeover Bid unless and until an announcement has been made to the Market where Cash Market Products in the Bid Class have been granted Official Quotation.

(3) For the purposes of subrule (2), the announcement must be made in writing, by facsimile or electronic delivery to the operator of the Market where Cash Market Products in the Bid Class have been granted Official Quotation.

5.13.2 Acquisition of Cash Market Products by another Bidder

(1) Where Cash Market Products are subject to a Takeover Market Bid, a Market Participant acting on behalf of another Bidder, must not buy the Cash Market Products in the Bid Class of the Target on behalf of that Bidder unless and until the Market Participant has announced in accordance with subrule (2):
 1.         a Takeover Market Bid on behalf of the person pursuant to Rule 5.12.1; or
(b)       an increase in the price offered under a Takeover Market Bid for the Cash Market Products pursuant to Rule 5.12.2.

(2) For the purposes of subrule (1), the announcement must be made in writing, by facsimile or electronic delivery to the operator of the Market where Cash Market Products in the Bid Class have been granted Official Quotation.

Part 5.14 Market Participant acting for Bidder or Issuer

5.14.1 Market Participant to advise seller if acting for Bidder or Issuer

Where a Market Participant:
 1.         has an order from the Bidder in relation to a Takeover Off-Market Bid;
(b)       has made an announcement to the Market where Cash Market Products in the Bid Class have been granted Official Quotation, on behalf of a Bidder to acquire Cash Market Products under a Takeover Market Bid; or
(c)        acts for a company involved in a buy-back under Chapter 2J of the Corporations Act conducted On-Market on the Market where Cash Market Products in the Bid Class have been granted Official Quotation,

the Market Participant must