Document ID: chunk:federal_register_of_legislation:C2025C00185:section:657a:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 657A (pt 2/2)
Character Range: 2592537–2593499

of a substantial interest in a company, body or scheme, the Takeovers Panel must take into account the actions of the directors of the company or body or the responsible entity for a scheme (including actions that caused the acquisition or proposed acquisition not to proceed or contributed to it not proceeding).
 (4) The Takeovers Panel must give an opportunity to make submissions in relation to the matter to:
 (a) each person to whom a proposed declaration relates; and
 (b) each party to the proceedings; and
 (c) ASIC.
 (5) The declaration must be in writing and published in the Gazette.
 (6) As soon as practicable, the Takeovers Panel must give each person to whom the declaration relates:
 (a) a copy of the declaration; and
 (b) a written statement of the Takeovers Panel's reasons for making the declaration.
 (7) This section does not require the Takeovers Panel to perform a function, or exercise a power, in a particular way in a particular case.