CodeWord Issue 17 - November 2006
In this issue
Amendments to the Takeovers Act and the Code
The passage of the Securities Legislation Bill, which amends significant areas of securities and takeovers laws, has resulted in amendments to the Tak…
Read MoreChanges to the definition of Code company
The definition provisions in the Code and in the Takeovers Act that specify the companies to which the Code applies have been changed for both listed …
Read MoreMisleading and deceptive conduct
Another significant change to the Code and to the Takeovers Act is the introduction of new provisions which will prohibit misleading or deceptive cond…
Read MoreChanges to the Panel’s enforcement powers
Section 32 of the Takeovers Act provides the Panel with its principal powers for dealing with concerns about compliance with the Takeovers Code.
Once…
Changes to the penalties and remedies available under the Takeovers Act
The powers of the High Court under the Takeovers Act for providing civil remedies for contraventions of the Code and also in relation to penalties and…
Read MoreTransitional arrangements
The transitional provisions mean that the new laws will have no impact on persons or entities that acquired securities before the commencement of the …
Read More