Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A bidder making an off - market bid may extend the offer period at any time before the end of the offer period.
(2) If the bid is subject to a defeating condition, the bidder may extend the offer period after the publication of the notice under subsection 630(3) only if one of the following happens after the publication:
(a) another person lodges with ASIC a bidder's statement for a takeover bid for securities in the bid class;
(b) another person announces a takeover bid for securities in the bid class;
(c) another person makes offers under a takeover bid for securities in the bid class;
(d) the consideration for offers under another takeover bid for securities in the bid class is improved.
Note: Section 624 says how long the total offer period can be.