The President’s Club Limited (TPC) proceeding has been remitted to the Panel and its previous declaration of unacceptable circumstances and orders have been set aside.

The Takeovers Panel today released a Consultation Paper seeking public comment in relation to a revised draft Guidance Note 14 on Funding arrangements for bids.

The Panel has made a declaration of unacceptable circumstances (Annexure A) in relation to an application dated 26 August 2015 by Affinity Education Group Limited (ASX code: AFJ) in relation to its affairs.

The Panel made a declaration of unacceptable circumstances on 5 October 2015 in relation to an application dated 26 August 2015 by Affinity Education Group Limited in relation to its affairs.

The Takeovers Panel notes the decision of the Full Court of the Federal Court in Queensland North Australia Pty Ltd v Takeovers Panel (No 2) handed down today.

The Panel has made interim orders1 in response to correspondence by West Bridge Holdings Pty Ltd (West Bridge) indicating its intention to dispose of some or all of its holding in Affinity Education Group Limited (Affinity) and a request from Affinity for an interim order.

The Panel has accepted an undertaking from G8 Education Limited in relation to the application dated 26 August 2015 by Affinity Education Group Limited.

The Panel has received an application from Affinity Education Group Limited in relation to its affairs. Affinity is the subject of concurrent on-market and off-market takeovers by G8 Education Limited.

The Panel today released the results of its 2015 stakeholder survey.

The Takeovers Panel welcomes the recent announcement by the Treasurer of the appointment of 5 new members to the Panel, for terms up to and including 29 April 2018.