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CORPORATIONS ACT 2001

CHAPTER 8 - MUTUAL RECOGNITION OF SECURITIES OFFERS    View history reference

PART 8.2 - FOREIGN OFFERS THAT ARE RECOGNISED IN THIS JURISDICTION    View history reference

Division 1 - Recognised offers    View history reference

SECTION 1200B  WHEN AN OFFER IS A RECOGNISED OFFER  

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1200B(1)  [Day offer becomes recognised offer]  


An offer of securities becomes a recognised offer, in relation to a recognised jurisdiction, on the day the offer is first made in this jurisdiction, if the conditions in section 1200C are met in relation to the offer on that day.

1200B(2)  [Offer continues to be recognised offer]  


The offer continues to be a recognised offer after that day, even if a condition in section 1200C ceases to be met after that day.

1200B(3)  [ASIC may declare offer a recognised offer]  


If, at the time an offer is first made in this jurisdiction, the offer would be a recognised offer but for a failure to meet the condition in subsection 1200C(5) or (6) that ASIC is satisfied is minor or technical, ASIC may declare in writing that the offer is a recognised offer within the meaning of subsection (1).

1200B(4)  [Time the condition is met]  


If ASIC makes a declaration under subsection (3) in relation to an offer, the condition is taken to have been met at the time the offer was first made in this jurisdiction.

1200B(5)  [Declaration not a legislative instrument]  


A declaration under subsection (3) is not a legislative instrument.


 



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