Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:2_103n
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 2 cl 103N
Character Range: 81957–82669

103N  Exceptions to Part IV of the Trade Practices Act 1974
  For the purposes of subsection 51(1) of the Trade Practices Act 1974, the following things are specified and specifically authorised:
 (a) the acquisition of shares in a general insurer as a direct result of:
 (i) the issue of the shares in compliance with a recapitalisation direction given to the insurer; or
 (ii) the exercise of a right to acquire shares that was issued in compliance with such a recapitalisation direction;
 (b) the acquisition of other capital instruments as a direct result of the issue of the other capital instruments in compliance with a recapitalisation direction given to a general insurer.

Division 2—Other directions