The Norton Rose guide is very useful. Also interesting is the power of ASIC.
This would mean if OZL applied to ASIC to waive the declaration of the bid as final, after reading the riot act ASIC would have the power to agree and waive the 'final' declaration.
Page 9:
"Key regulatory bodies ASIC All key takeover documents are required to be lodged with ASIC. ASIC has broad powers to exempt and modify the takeovers law. It is also the main body responsible for regulating and enforcing the takeovers law. ASIC has the power to refer matters to the Takeovers Panel."
AVB Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
