Document ID: chunk:federal_register_of_legislation:C2025C00185:section:636:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 636 (pt 1/3)
Character Range: 2520126–2522835

636  Bidder's statement content
 (1) A bidder's statement must include the following:
 (a) the identity of the bidder;
 (b) the date of the statement;
 (c) if the target is a company or body—details of the bidder's intentions regarding:
 (i) the continuation of the business of the target; and
 (ii) any major changes to be made to the business of the target, including any redeployment of the fixed assets of the target; and
 (iii) the future employment of the present employees of the target;
 (d) if the target is a registered scheme—details of the bidder's intentions regarding:
 (i) the continued operation of the scheme; and
 (ii) any major changes to be made to the operation of the scheme, including any redeployment of scheme property; and
 (iii) any plans to remove the current responsible entity and appoint a new responsible entity;
 (e) for an off‑market bid—a statement that the bidder's statement has been lodged with ASIC but that ASIC takes no responsibility for the content of the statement;
 (f) in relation to the cash consideration (if any) offered under the bid—details of:
 (i) the cash amounts (if any) held by the bidder for payment of the consideration; and
 (ii) the identity of any other person who is to provide, directly or indirectly, cash consideration from that person's own funds; and
 (iii) any arrangements under which cash will be provided by a person referred to in subparagraph (ii);
 (g) if any securities (other than managed investment products) are offered as consideration under the bid and the bidder is:
 (i) the body that has issued or will issue the securities; or
 (ii) a person who controls that body;
  all material that would be required for a prospectus for an offer of those securities by the bidder under whichever of the following is applicable:
 (iii) sections 710 to 713;
 (iv) sections 713C to 713E;
 (ga) if any managed investment products are offered as consideration under the bid and the bidder is:
 (i) the responsible entity of the registered scheme; or
 (ii) a person who controls the responsible entity of the registered scheme;
  all material that would be required by section 1013C to be included in a Product Disclosure Statement given to a person in an issue situation in relation to those managed investment products;
 (h) if the bidder or an associate provided, or agreed to provide, consideration for a security in the bid class under a purchase or agreement during the 4 months before the date of the bid—the following information about the consideration:
 (i) to the extent to which the consideration is a cash sum—the amount per security of the cash sum;
 (ii) to the extent to which the consideration is quoted securities—the market