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This is a Bill, not an Act. For current law, see the Acts databases.
PARLIAMENT OF VICTORIA
Corporations (Victoria) (Amendment) Act 2000
Act No.
TABLE OF PROVISIONS
Clause Page
1. Purpose 1
2. Commencement 1
3. Court powers--takeovers 2
Division 3--Takeovers 2
56A. Proceedings in relation to takeover bids or proposed
takeover bids 2
56B. Supreme Court--limitation of jurisdiction 2
NOTES 3
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s. 2
PARLIAMENT OF VICTORIA
Initiated in Council 1 March 2000
A BILL
to amend the Corporations (Victoria) Act 1990 and for other
purposes.
Corporations (Victoria) (Amendment)
Act 2000
The Parliament of Victoria enacts as follows:
1. Purpose
The purpose of this Act is to amend the
Corporations (Victoria) Act 1990 to give effect
in Victoria to certain amendments of the
5 Corporations Law made by the Corporate Law
Economic Reform Program Act 1999 of the
Commonwealth by satisfying the requirements of
section 85(5) of the Constitution Act 1975.
2. Commencement
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Corporations (Victoria) (Amendment) Act 2000
Act No.
This Act comes into operation on the day after the
day on which it receives the Royal Assent.
3. Court powers--takeovers
No. 80/1990.
In Part 9 of the Corporations (Victoria) Act
Reprint No. 1
5 1990, after Division 2 insert--
as at
1 May 1996.
Further
"Division 3--Takeovers
amended by
Nos 46/1998
and 37/1999.
56A. Proceedings in relation to takeover bids or
proposed takeover bids
(1) Except as otherwise provided by section
10 659B of the Corporations Law of Victoria, a
person may not commence court proceedings
in relation to a takeover bid, or a proposed
takeover bid, before the end of the bid
period.
15 (2) The powers of a court under the
Corporations Law of Victoria in relation to
conduct that contravenes that Law are
limited as provided by section 659C of that
Law.
20 (3) Expressions used in this section and in
Division 3 of Part 6.10 of Chapter 6 of the
Corporations Law of Victoria have the same
meanings as in that Division.
56B. Supreme Court--limitation of jurisdiction
25 It is the intention of section 56A to alter or
vary section 85 of the Constitution Act
1975.".
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Corporations (Victoria) (Amendment) Act 2000
Notes
Act No.
NOTES
By Authority. Government Printer for the State of Victoria.
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