Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_613
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 613
Character Range: 182826–183300

613  Bidder not to exercise voting rights if failure to send bids for off‑market acquisition—exception 2 or 3

  If the exception in item 2 or 3 of the table in section 611 applies to an acquisition on‑market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:
 (a) the bid is an off‑market bid; and
 (b) the bidder fails to send offers under the bid within 28 days after giving the bidder's statement to the target.