Document ID: chunk:federal_register_of_legislation:C2008A00144:clause:14_111
Version: federal_register_of_legislation:C2008A00144
Segment Type: clause
Provision Reference: sch 14 cl 111
Character Range: 187699–188920

111  Transitional provisions

(1) If:
 (a) apart from this subitem, a person would be an associate of another person for the purposes of paragraph 9(1)(a) or (b) or paragraph 9A(1)(a) or (b) of the Foreign Acquisitions and Takeovers Act 1975 on the commencement day; and
 (b) the persons would be associates only because of the amendments of that Act made by this Part;
then, during the period of 6 months starting on the commencement day, the provision does not apply to them as associates of each other for so long as the persons would otherwise have been associates of each other.

(2) If:
 (a) apart from this subitem, a person would be an associate of another person on the commencement day; and
 (b) the persons would be associates only because of the amendments of the Foreign Acquisitions and Takeovers Act 1975 made by this Part;
then, the Treasurer may not make an order under Part II of that Act in relation to them as associates of each other during the period of 6 months starting on the commencement day.

(3) In this item:
commencement day means the day on which the amendments of the Foreign Acquisitions and Takeovers Act 1975 made by this Part commence.

Insurance Acquisitions and Takeovers Act 1991