RG 59
Announcing and withdrawing takeover bids (s653 and s746)
Issued 21 August 1995. This guide states our views on the policy, interpretation and operation of s63 and 746.
In plain English
RG 59 explains ASIC’s views on announcing and withdrawing takeover bids under sections 653 and 746.
RG 59 was issued on 21 August 1995. It outlines ASIC’s policy, interpretation, and operation of sections 653 and 746. This guide applies to anyone announcing or withdrawing takeover bids. It details requirements for announcements and withdrawals. There is no listed revision date.
Why it matters
If your business is involved in a takeover bid, RG 59 helps ensure you comply with ASIC’s expectations. Failure to do so could lead to regulatory scrutiny.
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Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-59-announcing-and-withdrawing-takeover-bids-s653-and-s746/. Rules Mate indexes + summarises; always verify against the regulator's live publication.