55BNotice of redefinition proposal

55B Notice of redefinition proposal

55B Notice of redefinition proposal

(1) If the Minister decides to put a redefinition proposal to shareholders, the Minister is to give public notice of the redefinition proposal.

(2) For the purposes of this section, public notice is notice—

(a) published in the Gazette, and

(b) published in any other way the Minister considers appropriate, and

(c) given to each shareholder affected by the redefinition proposal.

(3) The public notice must—

(a) describe the redefinition proposal, and

(b) specify the redefinition arrangements for the redefinition proposal, and

(c) invite shareholders affected by the redefinition proposal to vote on the redefinition proposal, and

(d) set out the arrangements for voting on the redefinition proposal, and

(e) contain such other information as the Minister considers appropriate.

(4) A public notice may be varied by further public notice under this section.

(5) In this Division, redefinition arrangements are the proposed arrangements for the implementation of a redefinition proposal, including arrangements relating to the issue, cancellation or reissue of shares if the redefinition proposal is proceeded with.

pt 3, div 4A (ss 55A–55G): Ins 2015 No 59, Sch 1 [25].