CORPORATIONS ACT 2001 - SECT 650G Contracts and acceptances void if defeating condition not fulfilled

CORPORATIONS ACT 2001 - SECT 650G

    All takeover contracts, and all acceptances that have not resulted in binding takeover contracts, for an off - market bid are void if:

  (a)   offers made under the bid have at any time been subject to a defeating condition; and

  (b)   the bidder has not declared the offers to be free from the condition within the period before the date applicable under subsection   630(1) or (2); and

  (c)   the condition has not been fulfilled at the end of the offer period.

A transfer of securities based on an acceptance or contract that is void under this section must not be registered.