not quite - my understanding there was an applicant (no idea who this is) who has requested that to happen
I would assume there would have to be an approval for it and most likely an appeals process - visit their website http://takeovers.gov.au/content/DisplayDoc.aspx?doc=panel_process/the_panel_process.htm
goes through the takeover process
if they dont decide to take action 1-2 weeks
if they do 2-3 weeks