On the 5% rule: Therefore, under sec. 671B, any shareholder who...

On the 5% rule:

Therefore, under sec. 671B, any shareholder who acquires (alone or with associates)
a relevant interest in 5% or more of a company’s shares must disclose that fact by
lodging an ASIC Form 603 “Notice of Initial Substantial Shareholder” with the
Company and disallowed. This lodgement requirement also extends to a
shareholder making a takeover bid even if the initial holding is below 5%.
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Furthermore, for each 1% (or more) change in holding a Form 604 “Notice of Change
of Interests of Substantial Shareholder” must be lodged. And, if the holding falls
below 5% a Form 605 “Notice of Ceasing to be a Substantial Shareholder” must be
lodged.
These Forms must be lodged within 2 business days after they become aware of the
transaction or change in % holding and by 9:30am next stock exchange trading day
in a takeover situation.