If, under an off-market bid for quoted sIf, under an off-market bid for quoted securities, a bidder receives a written instruction or authority, or both, that:

If, under an off-market bid for quoted securities, a bidder receives a written instruction or authority, or both, that:

(a) is from a holder of securities registered in a clearing and settlement facility or a person with a right to be registered as a holder of such securities; and
(b) is provided for the purpose, and has the effect, of enabling the bidder to effect acceptance of the offer by instructing another person, in accordance with the operating rules of a clearing and settlement facility, to accept, in accordance with section 653A, an offer made under the bid on behalf of the holder or person mentioned in paragraph (a);

the offer is taken, for the purposes of this Chapter apart from section 653A, to have been accepted in relation to the securities covered by the instruction or authority when it is received by the bidder.”.

9 Bidder’s relevant interest in control transactions

Chapter 6 of the Act applies to all persons as if section 608 were modified or varied by, after subsection (10), inserting: