Corporations (Victoria) (Amendment) Act 2000 (Vic)
Corporations (Victoria) (Amendment) Act 2000
Act No. 7/2000
TABLE OF PROVISIONS
Section Page
1. Purpose 1 2. Commencement 2 3. Court powers—takeovers 2 Division 3—Takeovers 2
56A. Proceedings in relation to takeover bids or proposed
takeover bids 2 56B.
Supreme Court—limitation of jurisdiction 2
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Victoria
No. 7 of 2000
Corporations (Victoria) (Amendment)
Act 2000†
[Assented to 18 April 2000]
The Parliament of Victoria enacts as follows:
1. Purpose
The purpose of this Act is to amend the section 85(5) of the Constitution Act 1975.
Corporations (Victoria) Act 1990 to give effect
in Victoria to certain amendments of the
Corporations Law made by the Corporate Law
Economic Reform Program Act 1999 of the
Corporations (Victoria) (Amendment) Act 2000
| s. 2 | Act No. 7/2000 |
2. Commencement
This Act comes into operation on the day after the day on which it receives the Royal Assent.
3. Court powers—takeovers
No. 80/1990.
| Reprint No. 1 | In Part 9 of the Corporations (Victoria) Act |
| as at | 1990, after Division 2 insert— |
| 1 May 1996. | |
| Further | |
| amended by | "Division 3—Takeovers |
| Nos 46/1998 | |
| and 37/1999. | 56A. Proceedings in relation to takeover bids or |
proposed takeover bids
(1) Except as otherwise provided by section
659B of the Corporations Law of Victoria, a person may not commence court proceedings in relation to a takeover bid, or a proposed
takeover bid, before the end of the bidperiod.
(2) The powers of a court under the
Corporations Law of Victoria in relation to conduct that contravenes that Law are limited as provided by section 659C of that Law.
(3) Expressions used in this section and in
Division 3 of Part 6.10 of Chapter 6 of the meanings as in that Division.
56B. Supreme Court—limitation of jurisdiction
It is the intention of section 56A to alter or
vary section 85 of the Constitution Act1975.".
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Corporations (Victoria) (Amendment) Act 2000
Act No. 7/2000 Notes
NOTES
†
Minister's second reading speech—
Legislative Council: 1 March 2000
Legislative Assembly: 15 March 2000
The long title for the Bill for this Act was "to amend the Corporations
(Victoria) Act 1990 and for other purposes."
Constitution Act 1975:
Section 85(5) statement:
Legislative Council: 1 March 2000
Legislative Assembly: 15 March 2000
Absolute majorities:
Legislative Council: 14 March 2000
Legislative Assembly: 12 April 2000
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