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Australian Securities and Investments Commission Regulations 2001
20Consideration of applications
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20 Consideration of applications
As soon as practicable after receiving an application, the Takeovers Panel must: (a) decide whether to conduct proceedings in relation to the application; and (b) if the Takeovers Panel decides to conduct proceedings—prepare a brief setting out: (i) a general description of the matters to be examined in the Takeovers Panel proceedings; and (ii) the issues to be addressed in submissions for the proceedings.