- Commencement
This Act comes into force on 1 June 2001.
- Interpretation
Section 2(1) of the principal Act is amended by inserting, in its appropriate alphabetical order, the following definition:
"Takeovers Panel means the Takeovers Panel established under Part I of the Takeovers Act 1993".
- Functions of Commission
Section 10 of the principal Act is amended by adding the expression "; and" to the end of paragraph (d), and also by adding the following paragraph:
| "(e) |
by agreement with the Takeovers Panel, to provide administrative and support services to the Panel." |
- New section 17A inserted
The principal Act is amended by inserting, after section 17, the following section:
| "17A |
Sharing of information with Takeovers Panel |
| "(1) |
The Commission may communicate to the Takeovers Panel
any information that the Commission—
| "(a) |
holds in relation to the exercise of the Commission’s powers or the performance of its functions and duties; and |
| "(b) |
considers may assist the Takeovers Panel in the exercise of the Panel’s powers or the performance of its functions and duties. |
|
| "(2) |
The Commission may use any information communicated to it by the Takeovers Panel under section 15A of the Takeovers Act 1993 in the Commission’s exercise of its powers or the performance of its functions and duties. |
| "(3) |
This section applies despite anything to the contrary in any
enactment, contract, deed, or document." |
- Proceedings privileged
Section 28(2) of the principal Act is amended by inserting, after the words "member of the Commission", the words ", or any officer or employee of the Commission,".
