SECTION 625 CONDITIONAL OFFERS - GENERAL
625(1) Market bids.
625(2) Off-market bids may generally be conditional.
625(3) [Rules in relation to quoted securities]
(a) the consideration offered is or includes securities; and
the following rules apply:
(c) the offer is subject to a condition that:
(i) an application for admission to quotation will be made within 7 days after the start of the bid period; and
(ii) permission for admission to quotation will be granted no later than 7 days after the end of the bid period;
(d) the offer may not be freed from this condition.
Note: Section 1325A provides that a Court may make a remedial order if the condition is not satisfied.
S 625(3) amended by No 122 of 2001, s 3, Sch 1, Pt 2 (effective 11 March 2002).