Foreign Acquisitions and Takeovers Act 1975

PART 1 - PRELIMINARY  

 View history note

 Hide history note

History

Pt 1 heading substituted by No 150 of 2015, s 3, Sch 1 [ 2] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Division 2 - Definitions  

View history reference

 View history note

 Hide history note

History

Div 2 heading inserted by No 150 of 2015, s 3, Sch 1 [ 3] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

Subdivision B - Some defined terms and rules of interpretation  

View history reference

 View history note

 Hide history note

History

Subdiv B heading inserted by No 150 of 2015, s 3, Sch 1 [ 3] (effective 1 December 2015).

For application and transitional provisions by No 150 of 2015, Sch 3, see Transitional Information under this Act.

SECTION 16A  

16A   MEANING OF INTEREST OF A SPECIFIED PERCENTAGE IN A BUSINESS  

View history reference

A person holds an interest of a specified percentage in a business if the value of the interests in assets of the business held by the person, alone or together with one or more associates of the person, is that specified percentage of the value of the total assets of the business.

Note 1: See also paragraph (a) of the definition of acquire .

Note 2: A percentage may be specified by referring to:

(a) " 20% " ; or

(b) " any percentage " ; or

(c) a " direct interest " ; or

(d) a percentage that a person holds in other assets.

 View history note

 Hide history note

History

S 16A inserted by No 114 of 2020, s 3, Sch 1[34] (effective 1 January 2021).

For application and transitional provisions by No 114 of 2020, Sch 1 items 227 to 250, see Transitional Information under this Act.

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.