Banking Act 1959
View history note
Hide history noteFor the purposes of subsection 51(1) of the Competition and Consumer Act 2010 , the following things are specified and specifically authorised:
(a) the acquisition of shares in an ADI as a direct result of:
(i) the issue of the shares in compliance with a recapitalisation direction given to the ADI; or
(ii) the exercise of a right to acquire shares that was issued in compliance with such a recapitalisation direction;
(b) the acquisition of other capital instruments as a direct result of the issue of the other capital instruments in compliance with a recapitalisation direction given to an ADI.
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