Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_16
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 16
Character Range: 37864–38702

16  Meaning of proposes to take certain action
 (1) A person proposes to acquire an interest in securities, assets or Australian land if:
 (a) the person makes an offer to acquire the interest; or
 (b) the person makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of an interest in securities, assets or Australian land to offer to dispose of an interest in securities, assets or Australian land; or
 (c) the person takes part in, or proposes to take part in, negotiations with a view to acquiring an interest in securities, assets or Australian land.
 (2) A person proposes to enter or terminate an agreement if the person takes part in, or proposes to take part in, negotiations with a view to entering or terminating the agreement.
 (3) This section does not limit the meaning of propose.