TP08/029
The Takeovers Panel today released Guidance Note 21 in relation to when collateral benefits may constitute unacceptable circumstances. Guidance Note 21 follows an issues paper published on 9 November 2005. The Panel received 5 submissions.
The Director of the Panel, Mr Allan Bulman, said that the Panel appreciated the time and effort put in by respondents. Mr Bulman also said:
"I want to thank in particular the members of the sub-committee (identified in the table below) who contributed a lot of time to the development of the Guidance Note. Their assistance in shaping the final Guidance Note has been very valuable."1
The Guidance Note is available under Guidance Notes on the Panel website.
| External Members | |
| Tim Bednall | Mallesons Stephen Jaques |
| John Green | Macquarie Bank |
| Panel Members | |
| Byron Koster | Corrs Chambers Westgarth |
| Braddon Jolley | Freehills |
| Alison Lansley | Mallesons Stephen Jaques |
| Rodd Levy | Freehills |
| Simon Withers | Company Director |
Allan Bulman
Director, Takeovers Panel
Level 47, 80 Collins Street
Melbourne, VIC 3000
Ph: +61 3 9655 3597
1Sub-committee members contribute in their personal capacities and their views are not necessarily shared by their firms. Moreover, the final document is the Panel’s and individual sub-committee members may not share the same view.