TP06/084
The Takeovers Panel welcomed the announcement today by the Treasurer, the Hon Peter Costello MP, releasing the draft Corporations Amendment (Takeovers) Bill 2006 for public exposure.
The Bill will amend provisions in Chapter 6 of the Corporations Act 2001 relating to the operations of the Takeovers Panel.
The President of the Panel, Mr. Simon McKeon, welcomed the draft Bill. Mr McKeon said that the Bill will ensure that the Panel can continue to operate effectively, in the manner intended by Parliament, as the main forum for resolving takeover disputes during a bid.
The draft Bill and explanatory material is attached to the PDF and can also be found at www.treasury.gov.au.
Written comments on the draft bill may be submitted by mail, fax or email to the following address (to be received by 5 October 2006):
Corporations Amendment (Takeovers) Bill 2006
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600
Fax: 02 6263 2770
corporationstakeoversbill@treasury.gov.au
Nigel Morris
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne VIC 3000
Ph: +61 3 9655 3501