Australia: Treasury consults on corporate control transactions and the role of the Takeovers Panel

The Treasury has launched a consultation paper titled "Corporate control transactions in Australia: options to improve schemes of arrangement, takeover bids, and the role of the Takeovers Panel": see here. Views are sought on, amongst other things, expanding the role of the Takeovers Panel to include approval of members' schemes of arrangement, and whether the Panel should have the power to provide advance rulings.