The Panel announces that it has received an application from GPT Management Limited as responsible entity of General Property Trust (GPT) dated 3 December 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by Stockland Trust Management Limited as the responsible entity for Stockland Trust (Stockland) for all the ordinary units in GPT.

The Takeovers Panel has today published the reasons for its decision not to commence proceedings in relation to an application dated 26 October 2004 by Crescent Gold Limited regarding its affairs.

Details of the Panel’s decision were announced on 2 November 2004 in Panel media release TP04/104, available on the Panel’s website at: Media Releases.

The sitting Panel was Kathleen Farrell, Michael Ashforth and Celia Searle.

The Panel has consented to the request by Health Communication Network Ltd (HCN) to withdraw its application dated 16 November 2004 alleging unacceptable circumstances in relation to a proposed takeover bid by IBA Health Ltd.

The Panel has received an application from Health Communication Network Ltd dated 16 November 2004 alleging unacceptable circumstances in relation to a proposed takeover bid by IBA Health Ltd.

The Takeovers Panel announced today that it has published a revised version of its Guidance Note 11 on Conflicts of Interest.

The Panel has considered the application by Crescent Gold Limited dated 26 October 2004 alleging unacceptable circumstances in relation to its affairs.