S 623(1A) inserted by No 117 of 2001, s 3, Sch 1
199] (effective 15 December 2001).
Receipt of benefit]
For the purpose of this section, a person does not receive a benefit that is not offered under a takeover bid merely because the person sells bid class securities on-market and the takeover bid is an off-market bid or a conditional bid.
Limits on prohibition]
This section does not prohibit:
(a) the variation of a takeover offer as provided by sections 649A to 650D; or
(b) an acquisition of securities through an on-market transaction; or
(c) simultaneous takeover bids for different classes of securities in the target.