Why the new constitution does not have the takeover section,...

Why the new constitution does not have the takeover section,

THIS IS OLD CONSTITUTION:
45.
Proportional takeovers
45.1 If offers are made under a proportional takeover bid for securities of the
Company:
45.1.1 the registration of a transfer giving effect to a takeover contract for
the bid is prohibited unless and until a resolution (an
approving
resolution
) to approve the bid is passed in accordance with this
clause;
45.1.2 a person (other than the bidder or an associate of the bidder) who,
as at the end of the day on which the first offer under the bid was
made, held bid class securities is entitled to vote on an approving
resolution;
45.1.3 the Directors may determine whether an approving resolution is
voted on:
(a)
at a meeting, convened and conducted by the Company, of
the persons entitled to vote on the resolution; or
(b)
by means of a postal ballot conducted by the Company in
accordance with the procedure set out in this clause;
45.1.4 an approving resolution that has been voted on is taken to have
been passed if the proportion that the number of votes in favour of
the resolution bears to the total number of votes on the resolution is
greater than 50%, and otherwise is taken to have been rejected.
45.2 The provisions that apply to a general meeting of the Company apply, with
such modifications as the Directors decide are necessary, to a meeting
convened under this clause.
45.3 In a postal ballot:
45.3.1
the Company must send a notice of postal ballot and ballot paper, to
all persons holding bid class securities, at least 14 days (or any
shorter period the Directors decide) before the date specified for the
close of the postal ballot (
ballot closing date
);
45.3.2
non receipt of a notice of postal ballot or ballot paper, or accidental
failure to give a notice of postal ballot or ballot paper to a
shareholder entitled to receive them, does not invalidate the postal
ballot and any resolution passed under the postal ballot;
45.3.3 the notice of postal ballot must contain the text of the proposed
resolution and the ballot closing date, and may contain any other
information the Directors consider appropriate;
45.3.4
each ballot paper must specify the name of the shareholder entitled
to vote;
45.3.5 a postal ballot is only valid if the ballot paper is properly completed
and:
(a)
if the shareholder is an individual, signed by the individual or
a duly authorised attorney; or
(b)
if the shareholder is a corporation, executed by the
corporation in any way permitted by its constitution or the
Corporations Act 2001 or by a duly authorised officer or duly
authorised attorney;
45.3.6
a postal ballot is only valid if the Company receives the ballot paper
(and any authority under which the ballot paper is signed or a
certified copy of the authority) before the close of business on the
ballot closing date at the registered office or share registry of the
Company or any other place specified for that purpose in the notice
of postal ballot;
45.3.7 a person may revoke a postal ballot vote by notice received by the
Company before the close of business on the ballot closing date.