Treasury & financeAgency
Corporations and Securities Panel
1 January 1991 – 13 March 2000
Renamed Takeovers Panel in 2000.
Peer-review panel of business and legal experts that could declare conduct in takeovers and acquisitions of shares to be unacceptable.
Names over time
- Corporations and Securities Panel1991–2000
- Takeovers Panel2000–present
How it came into existence
Established on 1 January 1991 under the Australian Securities Commission Act 1989 as part of the national Corporations Law scheme.
- Declarations of unacceptable conduct in takeovers
Legislation: Australian Securities Commission Act 1989
Changes during its life
- 1996Moved with corporate law from the Attorney-General's portfolio to the Treasury portfolio.
How it ended
Renamed the Takeovers Panel on 13 March 2000 by the Corporate Law Economic Reform Program Act 1999, which made it the main forum for takeover disputes.
Main functions
- Declarations of unacceptable circumstances in takeovers
- Review of ASIC takeover decisions
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.