Document ID: chunk:federal_register_of_legislation:C2020C00315:clause:1_3
Version: federal_register_of_legislation:C2020C00315
Segment Type: clause
Provision Reference: sch 1 cl 3
Character Range: 65912–67004

3  Entering into an agreement or arrangement
 (1) For the purposes of the ownership provisions, a person is taken to have proposed to enter into an agreement or arrangement if the person takes part in, or proposes to take part in, negotiations with a view to entering into the agreement or arrangement.
 (2) A reference in the ownership provisions to entering into an agreement or arrangement includes a reference to altering or varying an agreement or arrangement.
 (3) A reference in the ownership provisions to entering into an arrangement is a reference to entering into any formal or informal scheme, arrangement or understanding, whether expressly or by implication and, without limiting the generality of the foregoing, includes a reference to:
 (a) entering into an agreement; or
 (b) creating a trust, whether express or implied; or
 (c) entering into a transaction;
and a reference in the ownership provisions to an arrangement is to be construed accordingly.
 (4) A reference in the ownership provisions to an arrangement does not include a reference to a moneylending agreement.