Part 2Takeovers code
21Matters to be considered by Minister in making recommendations concerning takeovers code
Without limiting the matters that the Minister may consider, the Minister must, in formulating recommendations concerning a takeovers code, consider whether the code should provide—
- that advance notice and publicity should be given of takeovers:
- that in a takeover, the code company and its financial product holders should be fully informed:
- that in a takeover, offers should be made to all financial product holders, that the consideration offered should be the same for all financial product holders, and that all financial product holders should have the same opportunity for acceptance:
- that incremental acquisitions and partial bids should be permitted:
- that there should be rules to determine the price or prices payable for the acquisition of financial products in a takeover:
- for the compulsory acquisition of financial products in a code company at the option of offerors or financial product holders, or both:
- for the regulation of defensive tactics.
Notes
- Section 21 heading: amended, on , by section 18(1) of the Takeovers Amendment Act 2002 (2002 No 45).
- Section 21: amended, on , by section 18(2) of the Takeovers Amendment Act 2002 (2002 No 45).
- Section 21(b): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
- Section 21(b): amended, on , by section 10 of the Takeovers Amendment Act 2010 (2010 No 88).
- Section 21(c): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
- Section 21(e): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
- Section 21(f): amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).
- Section 21(f): amended, on , by section 10 of the Takeovers Amendment Act 2010 (2010 No 88).


