Document ID: chunk:federal_register_of_legislation:F2024C00455:body:0:p1
Version: federal_register_of_legislation:F2024C00455
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ASIC Corporations (Takeover Bids) Instrument 2023/683

made under subsections 655A(1), 669(1) and 673(1) of the Corporations Act 2001

                    Compilation No. 3
                    Compilation date: 15/05/2024
                    Includes amendments: F2024L00542

About this compilation

This compilation
This is a compilation of the ASIC Corporations (Takeover Bids) Instrument 2023/683 that shows the text of the law as amended and in force on 15/05/2024 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
1 Name of legislative instrument
3 Authority
4 Definitions
Part 2—Declaration
5 Formulating the takeover bid
6 Procedural steps in a takeover bid
7 Varying a takeover bid
8 Acceptances for securities registered in a clearing and settlement facility
9 Bidder's relevant interest in control transactions
Part 3—Repeal
11 Repeal
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Part 1—Preliminary

1 Name of legislative instrument
This is the ASIC Corporations (Takeover Bids) Instrument 2023/683.

3 Authority
This instrument is made under subsections 655A(1), 669(1) and 673(1) of the Corporations Act 2001.

4 Definitions
In this instrument:
Act means the Corporations Act 2001.

Part 2—Declaration

5 Formulating the takeover bid
 Chapter 6 of the Act applies to all persons as if the following provisions of Part 6.4 were omitted, modified or varied as follows:
(a) omit subsection 617(2) (excluding the note), substitute:

"(2) If other securities or derivatives exist or will exist at that date  that:
(a) will convert, or may be converted, to securities in the bid class; or
(b)