Sections 723 and 724 of the Act impose cSections 723 and 724 of the Act impose certain requirements on issuers in relation to offers that contain a minimum subscription condition or a quotation condition.

Sections 723 and 724 of the Act impose certain requirements on issuers in relation to offers that contain a minimum subscription condition or a quotation condition.

This instrument modifies Chapter 6D of the Act to enable issuers to extend the minimum subscription and quotation condition time periods (or remove or vary those conditions) for all applicants—by lodging a refresh document which includes certain information and statements and provides applicants with withdrawal rights.

This instrument also modifies Chapter 6D to specify how the minimum subscription and quotation condition time periods are calculated in circumstances where there is a supplementary or replacement document or a refresh document.