Commonwealth Numbered Acts

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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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