Document ID: chunk:federal_register_of_legislation:C2025C00135:section:179azb
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 179AZB
Character Range: 331672–332878

179AZB  Exceptions to Part IV of the Competition and Consumer Act 2010
  For the purposes of subsection 51(1) of the Competition and Consumer Act 2010, the following things are specified and specifically authorised:
 (a) the acquisition of assets in:
 (i) a sale or disposal of the whole or part of the business of a body corporate under this Division by a Life Insurance Act statutory manager in control of the body corporate's business; or
 (ii) a transfer of life insurance business of a life company under a scheme prepared by a Life Insurance Act statutory manager in control of the life company's business and confirmed (with or without modifications) by the Court under Part 9;
  (whether the assets are shares in another body corporate or other assets);
 (b) the acquisition of shares in a body corporate as a direct result of:
 (i) the issue or sale of the shares under this Division by a Life Insurance Act statutory manager in control of the body corporate's business; or
 (ii) the exercise of a right to acquire shares that was issued or sold under this Division by a Life Insurance Act statutory manager in control of the body corporate's business.

Division 1A—Other external administration