The Takeovers Panel has today released Guidance Note 19 in relation to when the Panel may consider unacceptable circumstances exist where there is insider participation in control transactions (Guidance Note).

The Takeovers Panel has today published the reasons for its decision in relation to an application dated 6 May 2007 from Qantas Airways Limited for review of the decision made by the sitting Panel in the Qantas Airways Limited 02 proceedings (see TP07/24). Details of the Review Panel's decision were also noted in this media release.

The Takeovers Panel has today published the reasons for its decision in relation to an application dated 5 April 2007 from Lionsgate Australia Pty Ltd concerning its takeover bid for all the ordinary shares in Magna Pacific (Holdings) Limited (see TP07/14).

The Takeovers Panel has considered the application from Arrow Taxi Services Limited (Arrow Taxi) dated 1 May 2007 (Arrow Taxi 02 Application) in relation to a proposed takeover bid by Kangaroo Petroleum Co. Pty Limited (KPC and Bid).The background facts leading to the Arrow Taxi 02 Application are set out in the Panel's Media Releases TP07/13 and TP07/20.

The Takeovers Panel advises that it has decided not to commence proceedings in relation to an application from Magna Pacific (Holdings) Limited (see TP07/27).

The Takeovers Panel advises that it received an application last night (Application) by Dolphete Pty Limited (Dolphete), an Australian proprietary company, in relation to the affairs of Becker Group Limited (Becker Group).

The Takeovers Panel has today published the reasons for its decision in relation to an application dated 5 May 2007 from Airline Partners Australia Limited relating to its offer for all the shares in Qantas Airways Limited (see TP07/23).

The Takeovers Panel advises that it has made a declaration of unacceptable circumstances in relation to an application by Areva NC Australia Pty Ltd concerning the affairs of Summit Resources Limited and statements by Paladin Resources Limited (see TP07/21) but has decided not to make orders.