Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1325b
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1325B
Character Range: 5704748–5705629

1325B  Court may order bidder to make offers
 (1) If a bidder making a takeover bid for a class of securities contravenes section 631 by failing to make offers under the bid within time and ASIC applies for an order under this section, the Court may:
 (a) order the bidder to send, to each holder of securities in that class, an offer to which the bidder's statement relates within a specified time; and
 (b) make any ancillary orders it thinks appropriate including orders that the bidder:
 (i) send notices setting out specified information with the offer; and
 (ii) send copies of the notice within a specified period to the target and, if the target is listed, to the relevant market operator; and
 (iii) lodge a copy of the notice with ASIC within a specified period.
 (2) Offers sent in accordance with an order under this section are taken to be made under a takeover bid.