Ann: TOV: TBR Declaration of Unacceptable Circumstances, page-46

You are completely wrong.

The Takeovers Panel's primary power is to declare circumstances unacceptable in relation to a takeover or the control of an Australian company. With the facts presented in the Declaration yesterday, there is:
1) Possibly an unacceptable "takeover" afoot, if Mr Billis owns more than 20% of TBR.
2) Possibly an undeclared level of control in the company, if Mr Billis controls 60.5% instead of 44.4% of the company; as well as the supposed lack of declarations by his wife and by Tribune itself.

It absolutely has jurisdiction.