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Australian Securities and Investments Commission Regulations 2001
24Takeovers Panel may accept submissions from persons expressing interest
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#### 24 Takeovers Panel may accept submissions from persons expressing interest
(1) As soon as practicable after the Takeovers Panel receives the expression of interest of a person, the Takeovers Panel must acknowledge the receipt in writing.
(2) If the Takeovers Panel decides to consider the written submission of a person in the proceedings, the Takeovers Panel must give to the person a copy of the brief for the proceedings.
(3) The Takeovers Panel must invite the person to lodge with the Takeovers Panel a written submission addressing the issues identified in the brief.
(4) If the Takeovers Panel decides not to consider any written submission of the person in the proceedings, the Takeovers Panel must inform the person of the decision and of the reasons for the decision.