Section 1019G — Corporations Act 2001: Duration and withdrawal of offers

(1) An offer to which this Division applies: (a) must remain open for at least 1 month after the date of offer; and (b) cannot remain open for more than 12 months after the date of offer. (2) The offer may be withdrawn by the offeror at any time, but not within 1 month of the date of offer. (3) The offer may only be withdrawn by the offeror by sending a withdrawal document in printed or electronic form to the offeree in accordance with paragraphs 1019E(1)(a) and (b). The withdrawal document must identify the offeror and be dated. (4) A purported withdrawal of the offer contrary to subsection (2) or (3) is ineffective.