{"id":"F2007B00380","name":"ASIC Class Order [CO 04/1413]","slug":"asic-class-order-co-04-1413","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":62169,"registerId":"commonwealth-F2007B00380-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Order [CO 04/1413]","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nAustralian Securities and Investments Commission\n\nCorporations Act 2001- Paragraph 673(1)(a) - Exemption\n\n \n\n \n\nUnder paragraph 673(1)(a) of the Corporations Act 2001 (the \"Act\") the Australian Securities and Investments Commission hereby exempts each bidder under a takeover bid and each of its associates from subsection 671B(4) of the Act to the extent that that subsection would otherwise require the information referred to in subsection 671B(3) of the Act about acceptances of offers under the takeover bid to be accompanied by copies of the bidder's statement, the offer document or any acceptance forms.\n\n \n\n \n\nDated the 4th day of November 2004\n\n \n\n \n\n \n\nSigned by Brendan Byrne\n\nas a delegate of the Australian Securities and Investments Commission\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1978},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument provides a specific, narrow exemption from document attachment requirements in takeover reporting. It has not expanded beyond its original purpose of reducing administrative duplication for bidders."},"complexity_factors":["Single, unconditional exemption with no exceptions or limitations","No defined terms or interpretation section","Only three statutory cross-references (sections 673(1)(a), 671B(4) and 671B(3))","No operative conditions, temporal restrictions or procedural requirements"],"plain_english_summary":"**What this does**\n\nThis instrument exempts companies making takeover bids from a paperwork requirement. Under the *Corporations Act*, bidders must publicly report how many shareholders have accepted their offer. Previously, this report had to include copies of all takeover documents (the bidder's statement, offer document, and acceptance forms). This exemption removes that attachment requirement.\n\n**Who it affects**\n\n- Companies launching takeover bids (bidders)\n- Their associates (related parties acting with the bidder)\n\n**Why it matters**\n\nIt reduces red tape in corporate takeovers. Bidders still report acceptance numbers, but don't need to repeatedly attach the same bulky documents. This streamlines compliance while maintaining transparency about acceptance levels."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-order-co-04-1413","history":"/api/acts/asic-class-order-co-04-1413/history","analysis":"/api/acts/asic-class-order-co-04-1413/analysis","conflicts":"/api/acts/asic-class-order-co-04-1413/conflicts","importantCases":"/api/acts/asic-class-order-co-04-1413/important-cases","documents":"/api/acts/asic-class-order-co-04-1413/documents"}}