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CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS  

SECTION 605  CLASSES OF SECURITIES  

605(1)  [Securities within a class]  


Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy-out rights operate on securities within a particular class.

605(2)  [Interpretation]  


For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because:


(a) some of the securities are fully-paid and others are partly-paid; or


(b) different amounts are paid up or remain unpaid on the securities.

 



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