Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_616
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 616
Character Range: 184127–184917

616  Off‑market bids and market bids

 (1) There are 2 kinds of takeover bid:
 (a) an off‑market bid (for quoted or unquoted securities); or
 (b) a market bid (only available for quoted securities).

Note: Although the prohibition in section 606 is against acquiring relevant interests in voting shares, a takeover bid may be made for any securities (for example, as a preliminary to compulsorily acquiring securities in that class under Part 6A.1).

 (2) The following table shows where to find the provisions dealing with the main features of the offers that may be made under off‑market bids and market bids and the procedures to be followed:

Takeover bids  [signpost table]
               Feature                                                    Off‑market bid            Market bid