Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:3_230am
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 3 cl 230AM
Character Range: 113598–114308

230AM  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 life company as a direct result of:
 (i) the issue of the shares in compliance with a recapitalisation direction given to the company; 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 life company.

Subdivision B—Other directions