CORPORATIONS ACT 2001 - SECT 605 Classes of securities
CORPORATIONS ACT 2001 - SECT 605
Classes of securities(1) Takeover bids are made for securities within a particular class. Similarly, compulsory acquisition and buy - out rights operate on securities within a particular class.
(2) For the purposes of this Chapter and Chapters 6A and 6C, securities are not taken to be different classes merely because:
(a) some of the securities are fully - paid and others are partly - paid; or
(b) different amounts are paid up or remain unpaid on the
securities.