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CORPORATIONS ACT 2001

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS  

SECTION 660B  CHAPTER EXTENDS TO LISTED MANAGED INVESTMENT SCHEMES  

660B(1)  [Extension of Chapter]  


This Chapter extends to the acquisition of interests in a registered scheme that is also listed as if:


(a) the scheme were a company; and


(b) interests in the scheme were shares in the company; and


(c) voting interests in the scheme were voting shares in the company.

660B(2)  [Where scheme ceases to be listed]  


If Part 6A.1 applies to a scheme at the end of the bid period for a takeover, that Part continues to apply to the scheme in relation to the takeover bid even if the scheme ceases to be listed.

660B(3)  [Where scheme ceases to be listed]  


If Part 6A.2 applies to a scheme when a compulsory acquisition notice under section 664C is lodged, that Part (including Division 2 of that Part) continues to apply to the scheme in relation to the notice even if the scheme ceases to be listed.

660B(4)  [Power to modify]  


The regulations may modify the operation of this Chapter as it applies in relation to the acquisition of interests in listed managed investment schemes.

 



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