Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:1_636:p1
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 1 cl 636 (pt 1/3)
Character Range: 230127–232756

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 managed investment 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 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 section 710 to 713
 (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 price per security of those securities
 (iii) to the extent to which the consideration is neither a cash sum nor a quoted security—the value per security of that consideration
 (i) if, during the period of 4 months before the date of the bid, the bidder or an associate gave, or offered to give or agreed to give a benefit to another person and the benefit was likely to induce the other person, or an associate, to:
 (i) accept an offer under the bid; or
 (ii) dispose