Section 664AA — Corporations Act 2001 (Cth)

Time limit on exercising compulsory acquisition power

The 90% holder in relation to a class of securities of a company may compulsorily acquire securities in that class under section 664A only if the holder lodges the compulsory acquisition notice for the acquisition with ASIC under paragraph 664C(2)(a) within whichever of the following periods ends last:

(a) the period of 12 months that started on 13 March 2000; or

(b) the period of 6 months after the 90% holder becomes the 90% holder in relation to that class.

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 663B — Bidder to tell holders of convertible securities of their right to be bought out
s 663C — Right of holders of convertible securities to be bought out
s 664A — Threshold for general compulsory acquisition power
s 664B — The terms for compulsory acquisition
s 664C — Compulsory acquisition notice
s 664D — Benefits outside compulsory acquisition procedure

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