Document ID: chunk:federal_register_of_legislation:C2015A00150:clause:1_74:p2
Version: federal_register_of_legislation:C2015A00150
Segment Type: clause
Provision Reference: sch 1 cl 74 (pt 2/2)
Character Range: 105848–107543

given to a person by imposing a new condition or varying an existing condition only if:
 (a) the person consents to the new condition or the variation; or
 (b) the Treasurer is satisfied that the new condition or variation does not disadvantage the person.

Statements in notices
 (7) For the purposes of this section:
 (a) a notice relating to an action stating that a person has a right (including a right under an option) to acquire interests in securities, assets or Australian land is taken to be a statement that the person proposes to acquire the interests in the securities, assets or land; and
 (b) a notice relating to an action stating that a person proposes to acquire a right (including a right under an option) to acquire an interest in a security, asset or Australian land is taken to be a statement that the person proposes to exercise that right.

Effect of notification on later actions
 (8) If:
 (a) a person gives a notice to the Treasurer relating to more than one significant action proposed to be taken in relation to an entity or business; and
 (b) the Treasurer is satisfied that the actions would result in a change in control of the entity or business; and
 (c) the Treasurer gives a no objection notification to the person under this section in relation to the actions; and
 (d) not all of the actions are taken; and
 (e) the person gives a later notice to the Treasurer relating to a later action that is proposed to be taken in relation to the entity or business;
the giving of the no objection notification does not prevent the Treasurer from determining that there has been or will be a change in control of the entity or business as a result of the later action.