Panel Publishes Consultation Paper - Revised Guidance Note 4 on Remedies General

Release number


Document download

The Takeovers Panel today released a Consultation Paper seeking public comment in relation to a draft revised Guidance Note 4 on Remedies General.

The draft revises Guidance Note 4 to clarify that, while a party may offer an undertaking to resolve a matter at any point in the Panel’s process, the timing of the offer is a relevant factor when the Panel is exercising its discretion whether to accept an undertaking in lieu of a declaration or orders.

The Panel seeks comments from interested persons on the draft Guidance Note by 14 October 2016.  Comments should be emailed to

The Consultation Paper is available on the Panel’s website on the consultation page.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597