Section 1240E — Corporations Act 2001 (Cth)

(1) Securities in a CCIV may only be compulsorily acquired or bought out under Chapter 6A if the CCIV is a listed company.

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

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

Related sections

• s 1240B — Takeovers—directors of the corporate director of a listed CCIV
• s 1240C — Takeovers—bidder’s statement content
• s 1240D — Takeovers Panel—declaration of unacceptable circumstances may only be made in relation to a listed CCIV
• s 1240F — Continuous disclosure—CCIVs
• s 1240G — Fundraising rules do not apply to CCIVs
• s 1240H — Offering securities of a CCIV or sub‑fund that does not exist

Research how courts apply s 1240E

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.