CORPORATIONS ACT 2001 - SECT 651B How to make an election for new forms of consideration

CORPORATIONS ACT 2001 - SECT 651B

  (1)   An election under section   650B or 651A to take a new form of consideration must be made:

  (a)   by written notice to the bidder; and

  (b)   within 1 month after the person receives the notice from the bidder of their right to make the election.

  (2)   The person becomes entitled to the new form of consideration if they:

  (a)   make the election; and

  (b)   return to the bidder:

  (i)   any consideration they have already received; and

  (ii)   any necessary transfer documents.