Commonwealth Numbered Acts

FOREIGN TAKEOVERS AMENDMENT ACT 1976 No. 93 of 1976 - SECT 3

3. (1) Section 3 of the Principal Act is amended by omitting sub-section (2)
and substituting the following sub-section:-

''(2) Notwithstanding the repeal of the Companies (Foreign Takeovers) Act
1972-1974, that Act, other than section 17, shall be deemed to continue in
force in relation to-

   (a)  an offer (including an offer constituting, or made in pursuance of an
        invitation constituting, a take-over offer) to sell or purchase shares
        that was accepted before the date of commencement of this Act; and

   (b)  an issue of shares that occurred before that date.''.

(2) Section 3 of the Principal Act is amended by omitting paragraph (a) of
sub-section (4).