Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf the exception in item 2 or 3 of the table in section 611 applies to an acquisition on - market during a takeover bid, the bidder is not entitled to exercise the voting rights attached to the shares if:
(a) the bid is an off - market bid; and
(b) the bidder fails to send offers under the bid within 28 days after giving the bidder's statement to the target.