Section 651B — Corporations Act 2001: How to make an election for new forms of consideration

(1) An election under section 650B or 651A to take a new form of consideration must be made: (a) by written notice to the bidder; and (b) within 1 month after the person receives the notice from the bidder of their right to make the election. (2) The person becomes entitled to the new form of consideration if they: (a) make the election; and (b) return to the bidder: (i) any consideration they have already received; and (ii) any necessary transfer documents.