Section 650G — Corporations Act 2001 (Cth)

All takeover contracts, and all acceptances that have not resulted in binding takeover contracts, for an off‑market bid are void if:

(a) offers made under the bid have at any time been subject to a defeating condition; and

(b) the bidder has not declared the offers to be free from the condition within the period before the date applicable under subsection 630(1) or (2); and

(c) the condition has not been fulfilled at the end of the offer period.

A transfer of securities based on an acceptance or contract that is void under this section must not be registered.

Related sections

• s 650D — Off‑market bids—method of making variation
• s 650E — Right to withdraw acceptance
• s 650F — Freeing off‑market bids from defeating conditions
• s 651A — Off‑market bid—effect on bid consideration of purchases made outside bid
• s 651B — How to make an election for new forms of consideration
• s 651C — Returning securities as part of election

Research how courts apply s 650G

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