Panel Finalises Rules for Proceedings [29/11/2001] The Takeovers Panel

Thursday, 29 November 2001

PANEL FINALISES RULES FOR PROCEEDINGS

The Takeovers Panel advises that it has finalised its Rules for Proceedings, and has posted them on its website.

The Panel had been operating on draft Rules while the draft was out for public consultation.

The revised Rules take into account the comments received by interested practitioners and market participants.

The President of the Panel, Mr Simon McKeon, said that he was very pleased with the input from market practitioners, which the Panel considers vitally important to its efficient and effective operation.

The Rules have been materially re-ordered and shortened but there are few major changes that were required in light of the public consultation process.

The Rules are at http://www.takeovers.gov.au/Content/Rules/rules.asp

Nigel Morris
Director, Takeovers Panel
Level 47 Nauru House, 80 Collins Street, Melbourne VIC 3000
Ph: +61 3 9655 3501
nigel.morris@takeovers.gov.au