Document ID: chunk:federal_register_of_legislation:C2025C00115:section:51
Version: federal_register_of_legislation:C2025C00115
Segment Type: section
Provision Reference: s 51
Character Range: 51718–52388

51  When trigger proposal carried out
  For the purposes of this Part, if:
 (a) either of the following subparagraphs applies:
 (i) one or more persons enter into an agreement in relation to an Australian‑registered insurance company;
 (ii) a constituent document of an Australian‑registered insurance company is altered; and
 (b) the agreement or alteration has an effect mentioned in paragraph 50(b);
the following provisions have effect:
 (c) if subparagraph (a)(i) applies—each of the persons is taken to have carried out a trigger proposal;
 (d) if subparagraph (a)(ii) applies—the company is taken to have carried out a trigger proposal.

Division 2—Notification