Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_651b
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 651B
Character Range: 274901–275437

651B  How to make an election for new forms of consideration

 (1) An election under section 650B or 651A to take a new form of consideration must be made:
 (a) by written notice to the bidder; and
 (b) within 1 month after the person receives the notice from the bidder of their right to make the election.

 (2) The person becomes entitled to the new form of consideration if they:
 (a) make the election; and
 (b) return to the bidder:
 (i) any consideration they have already received; and
 (ii) any necessary transfer documents.