Companies And Securities Legislation Amendment Act 1986 (Cth)

Companies and Securities Legislation Amendment Act 1986 No. 68 of 1986

TABLE OF PROVISIONS

PART I—PRELIMINARY Section 1. Short title 2. Commencement

PART II—AMENDMENTS OF COMPANIES (ACQUISITION OF SHARES) ACT 1980 3. Principal Act 4. Other interpretative and evidentiary provisions 5. Acquisition of shares permitted in certain circumstances 6. Take-over offers 7. Take-over announcements 8. Repeal of sections 25 and 26 and substitution of new sections— 25. Acceptance of take-over offers by third parties 25a. Acceptance of take-over offers by trustees, nominees, &c. 25b. Avoidance of odd lots where take-over offer relates to proportion of offeree's shares 25c. Offeror not entitled to bid for balance where take-over offer relates to proportion of offeree's shares 9. Insertion of new sections— 31a. Constituent documents of a company may require a resolution approving certain acquisitions of shares in the company 31b. Provisions relating to the inclusion, effect and renewal of take-over approval provisions

TABLE OF PROVISIONS—continued Section 10. Insertion of new section — 39b. Persons selling shares before the making of take-over offers or of a take-over announcement not to be given additional benefits in certain cases 11. Provisions relating to dissenting shareholders 12. Offences

PART III—AMENDMENTS OF COMPANIES ACT 1981 13. Principal Act 14. Substantial shareholdings, substantial shareholders, notifiable changes, &c. 15. Repeal of sections 138 and 139 and substitution of new sections— 138. Substantial shareholder to notify company of changes in interests 139. Person who ceases to be a substantial shareholder to notify company