Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p81
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 215025–217756

notify ASIC under subrule (1) if the Market Participant has reported the information that would otherwise be required to be contained in the notification to ASIC under subrule (1) to the Australian Transaction Reports and Analysis Centre under section 41 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 or under section 16 of the Financial Transaction Reports Act 1988.

5.11.2 Confidentiality
A Participant who notifies ASIC under subrule 5.11.1(1) must not disclose that the notification was made, or the information contained in the notification, to any person other than:
 1.         for the purposes of seeking legal advice; or
(b)       as required by law.

Part 5.12 Market Bid—Announcements by Market Participant

5.12.1 Announcement of a Takeover Market Bid
(1) A Market Participant acting on behalf of a Bidder in relation to a Takeover Market Bid must announce the bid to the Market where Cash Market Products in the Bid Class have been granted Official Quotation, in accordance with subrule (2).
(2) For the purposes of subrule (1), the announcement must include the following information:
 1.         a description of the Bid Class of Cash Market Products in the Target and the total number of Cash Market Products in that Bid Class;
(b)       the price offered for Cash Market Products in the Bid Class;
(c)        the date of the commencement and conclusion of the Offer Period;
(d)       the number of Cash Market Products in the Bid Class that the Bidder had a relevant interest in immediately prior to the announcement (expressed as a percentage of the total number of Cash Market Products in the Bid Class); and
(e)        a statement:
 1.          as to whether the Bidder will buy Cash Market Products in the Bid Class On-Market before the Offer Period commences and, if so, the maximum number of those Cash Market Products to be bought and the price that will be paid;
(ii)       that the Market Bid is an offer to buy all the Cash Market Products in the Bid Class that exist or will exist at any time during the Offer Period for the price offered; and
(iii)     that the Offer Period may be extended and the offer price may be increased in accordance with the Corporations Act.

5.12.2 Announcement of variations to a Takeover Market Bid
A Market Participant acting on behalf of a Bidder in relation to a Takeover Market Bid must announce to the Market where Cash Market Products in the Bid Class have been granted Official Quotation, 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