Foreign Acquisitions and Takeovers Act 1975

PART 1 - PRELIMINARY  

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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  

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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  

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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 25   MEANING OF ENTERS AN AGREEMENT  

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25(1)    
A person enters an agreement if:

(a) the person enters into any formal or informal scheme, including by:

(i) creating a trust (whether express or implied); or

(ii) entering into a transaction; or

(iii) acquiring an interest in a security, asset, trust or Australian land; or

(b) the agreement is materially altered or varied.

Note 1: For the definition of scheme , see section 4 .

Note 2: A variation of an agreement that increases the percentage that a person holds in an entity is material. A variation to the way the consideration for an acquisition of an interest is worked out is not material.

25(2)    
This section does not limit the meaning of enters .

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History

S 25 substituted 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.

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