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CORPORATIONS ACT 2001

CHAPTER 6A - COMPULSORY ACQUISITIONS AND BUY-OUTS  

PART 6A.2 - GENERAL COMPULSORY ACQUISITIONS AND BUY-OUTS  

Division 1 - Compulsory acquisition of securities by 90% holder  

SECTION 664AA  

664AA  TIME LIMIT ON EXERCISING COMPULSORY ACQUISITION POWER  

The 90% holder in relation to a class of securities of a company may compulsorily acquire securities in that class under section 664A only if the holder lodges the compulsory acquisition notice for the acquisition with ASIC under paragraph 664C(2)(a) within whichever of the following periods ends last:


(a) the period of 12 months that started on 13 March 2000; or


(b) the period of 6 months after the 90% holder becomes the 90% holder in relation to that class.

 



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