Classes of securities
(1) Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy‑out rights operate on securities within a particular class. (2) For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because: (a) some of the securities are fully‑paid and others are partly‑paid; or (b) different amounts are paid up or remain unpaid on the securities.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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