Treasury & financeAgencyExists today
Takeovers Panel
13 March 2000 – present
Previously Corporations and Securities Panel (1991–2000).
Peer-review body of part-time members from business and the professions that resolves disputes about takeovers, mainly by declaring circumstances unacceptable and making orders; supported by an executive staffed through the Treasury.
Names over time
- Corporations and Securities Panel1991–2000
- Takeovers Panel2000–present
How it came into existence
The Corporations and Securities Panel renamed on 13 March 2000 by the Corporate Law Economic Reform Program Act 1999, which also restricted court proceedings during takeover bids so that the Panel became the primary forum for takeover disputes.
Legislation: Australian Securities and Investments Commission Act 2001 Part 10; Corporations Act 2001 Chapter 6
Changes during its life
- 15 July 2001Continued under the Australian Securities and Investments Commission Act 2001 and the Corporations Act 2001.
Main functions
- Declarations of unacceptable circumstances in takeovers
- Orders to protect the rights of shareholders in control transactions
- Review of ASIC decisions on takeovers
- Guidance notes on takeover practice
Where it sits
In the portfolio of Department of the Treasury.
Lineage
Loading lineage…
Sources
Primary sources
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 11 December 2014 to the latest release (30 June 2026))