Section 613 — Corporations Act 2001 (Cth)

Bidder not to exercise voting rights if failure to send bids for off‑market acquisition—exception 2 or 3

If the exception in item 2 or 3 of the table in section 611 applies to an acquisition on‑market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:

(a) the bid is an off‑market bid; and

(b) the bidder fails to send offers under the bid within 28 days after giving the bidder’s statement to the target.

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.

Related sections

s 610 — Voting power in a body or managed investment scheme
s 611 — Exceptions to the prohibition
s 612 — Effect of non‑compliance with takeover rules for exceptions 1 to 4
s 615 — Treatment of foreign holders under equal access issue—exception 10
s 616 — Off‑market bids and market bids
s 617 — Securities covered by the bid

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