Document ID: chunk:federal_register_of_legislation:C2024C00844:section:40:p2
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 40 (pt 2/2)
Character Range: 105683–106347

of paragraphs (2)(b) to (e) apply, the last condition is that there would be or has been a change in control of the entity as a result of the action (see Subdivision C of Division 4).
 (7) However, the last condition in subsection (6) is not required to be met if:
 (a) paragraph (2)(b) applies and the action is or is to be taken by a foreign person who controls the entity (whether alone or together with one or more associates) immediately before the action is or is to be taken; or
 (b) paragraph (2)(c) applies and a foreign person controls the entity (whether alone or together with one or more associates) immediately before the action is or is to be taken.