WA Iron Ltd (WAL) is one of the largest iron ore producers in Western Australia. It owns 5% of the shares in Queensland Metals Ltd (QML), a medium-sized copper and gold producer in Queensland which is listed on ASX. The other shareholders of QML are ET super (10%), RG Associates (6%), QML directors (4%) and retail investors (75%). WAL made a formal takeover bid for all the shares in QML, but only succeeded in acquiring an additional 82% of the shares. Will WAL now be able to compulsorily acquire the remaining 13% of shares? Be sure to cite the relevant provisions of the Corporations Act in support of your answer.

Question WA Iron Ltd (WAL) is one of the largest iron ore producers in Western Australia. It owns 5% of the shares in Queensland Metals Lid (QML), a medium-sized copper and gold producer in Queensland which is listed on ASX. The other shareholders of QML are ET super (10%), RG Associates (6%), QML directors (4%) and retail investors (75%). WAL made a formal takeover bid for all the shares in QML, but only succeeded in acquiring an additional 82% of the shares. Will WAL now be able to compulsorily acquire the remaining 13% of shares? Be sure to cite the relevant provisions of the Corporations Act in support of your