CP 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests
The Corporations Committee of the Business Law Section of the Law Council of Australia (the Committee) welcomes the opportunity to provide feedback on ASIC’s proposed modifications to the class orders on takeovers, compulsory acquisitions and relevant interests outlined in ASIC Consultation Paper 365 dated 30 November 2022 (the Instruments).
The Committee’s submissions on the proposed modifications to the Instruments are set out in the final column of the table included in the Schedule to this letter (Submission).
All references to the ‘Corporations Act’ in the Submission are references to the Corporations Act 2001 (Cth) and references to specific sections are to sections of that Act.
The Committee notes that the Submission contains some commentary and submissions from the Financial Services Committee of the Business Law Section. References to submissions by the Financial Services Committee should be distinguished from submissions by the Committee.