Document ID: chunk:federal_register_of_legislation:C2025C00185:section:852dd
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 852DD
Character Range: 3415635–3416453

852DD  Acquisition of shares
  A person contravenes this section if:
 (a) the person acquires, or the person with one or more other persons under an arrangement acquire, shares in a body corporate; and
 (b) the acquisition has the result that:
 (i) an unacceptable control situation comes into existence in relation to a controlled Australian financial body and a person; or
 (ii) if an unacceptable control situation already exists in relation to a controlled Australian financial body and a person (the controller)—there is an increase in the voting power of the controller in the controlled Australian financial body.
Note 1: The person mentioned in subparagraph (b)(i) or (b)(ii) need not be the person who contravenes this section.
Note 2: A contravention of this section is an offence (see subsection 1311(1)).