The main goal of this law is to do several things. It sets up a group called the Takeovers Panel. You can think of a panel like a team of people who work together. This law also gives the Minister power to work with the Panel to make rules about takeovers of code companies. The Minister and the Panel make recommendations about these rules. Takeovers happen when one company buys another company. The law helps make sure these rules are followed. It also says what happens if someone gives false information about a takeover. This is a serious offence and can result in criminal charges. The Panel's job is to keep an eye on the laws about takeovers and help people understand them. The Panel can also work with regulators from other countries. This helps make sure everyone follows the same rules.