Off‑market bids—extension of offer period
(1) A bidder making an off‑market bid may extend the offer period at any time before the end of the offer period. (2) If the bid is subject to a defeating condition, the bidder may extend the offer period after the publication of the notice under subsection 630(3) only if one of the following happens after the publication: (a) another person lodges with ASIC a bidder’s statement for a takeover bid for securities in the bid class; (b) another person announces a takeover bid for securities in the bid class; (c) another person makes offers under a takeover bid for securities in the bid class; (d) the consideration for offers under another takeover bid for securities in the bid class is improved. Note: Section 624 says how long the total offer period can be.
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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