Document ID: chunk:federal_register_of_legislation:C2024C00345:section:70
Version: federal_register_of_legislation:C2024C00345
Segment Type: section
Provision Reference: s 70
Character Range: 155613–156480

70  Approval of amalgamation
 (1) If the members of each of the existing organisations concerned in a proposed amalgamation approve the proposed principal amalgamation, the proposed principal amalgamation is approved for the purposes of this Part.
 (2) If:
 (a) the scheme for a proposed amalgamation contains an alternative provision; and
 (b) the members of one or more of the existing organisations concerned in the amalgamation do not approve the proposed principal amalgamation; and
 (c) the members of 2 or more of the organisations (in paragraph (d) called the approving organisations) approve a proposed alternative amalgamation; and
 (d) where one of the existing organisations is the proposed amalgamated organisation—that organisation is one of the approving organisations;
the proposed alternative amalgamation is approved for the purposes of this Part.