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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 629
Downstream acquisition resulting from acquisition of shares in a listed company
629. Section 615 does not apply in relation to an acquisition of shares in a
company as a result of the acquisition of shares in another company if:
(a) at the time of the last-mentioned acquisition, the other company is a
listed company; and
(b) the acquisition of the shares in the other company:
(i) results from the acceptance of an offer to acquire
those shares that was made under a takeover scheme
or takeover announcement; or
(ii) would, but for subsection 620 (1) or (2),
contravene section 615.
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