Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 195

  (1)   Subject to subsections   (2) to (4), the Takeovers Panel may determine the procedural rules to be followed in Takeovers Panel proceedings.

  (2)   Takeovers Panel proceedings are to be conducted in accordance with (in order of priority):

  (a)   the requirements of this Division; and

  (b)   the requirements of the regulations.

  (3)   Without limiting paragraph   (2)(b), the regulations may deal with:

  (a)   making submissions or giving evidence in Takeovers Panel proceedings; and

  (b)   the right (if any) to appear, or be represented, in Takeovers Panel proceedings; and

  (c)   the matters that the Takeovers Panel is to take into account when making a decision in the course of Takeovers Panel proceedings.

  (4)   The rules of procedural fairness, to the extent that they are not inconsistent with the provisions of this Act or the regulations made under it, apply to Takeovers Panel proceedings.