Lockyer Deep - From the horse's mouth OR What the JV partner really thinks about Lockyer Gas, page-310

No, it is not semantics.
If the corporations act states that the section applies to a hostile takeover and the takeover is not hostile it is definitely not semantics.
The section will not apply.

Also, when searching the section numbers in the post, they are different in the latest version of the Act.
Corporations Act 2001 (legislation.gov.au)

The first sign was that something was strange with the sections you listed was that a director had to have 5% equity in the company.
For a large company, say BHP that would be millions if not a billion dollars in equity.
Then if there at ten or 15 directors with 5% - I think you can see where that is going.