Section 651B — Corporations Act 2001 (Cth)

How to make an election for new forms of consideration

(1) An election under section 650B or 651A to take a new form of consideration must be made:

(a) by written notice to the bidder; and

(b) within 1 month after the person receives the notice from the bidder of their right to make the election.

(2) The person becomes entitled to the new form of consideration if they:

(a) make the election; and

(b) return to the bidder:

(i) any consideration they have already received; and

(ii) any necessary transfer documents.

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 650F — Freeing off‑market bids from defeating conditions
s 650G — Contracts and acceptances void if defeating condition not fulfilled
s 651A — Off‑market bid—effect on bid consideration of purchases made outside bid
s 651C — Returning securities as part of election
s 652A — Withdrawal of unaccepted offers under takeover bid
s 652B — Withdrawal of takeover offers with ASIC consent

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