Document ID: chunk:federal_register_of_legislation:C2024C00844:section:25
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 25
Character Range: 94342–95041

25  Meaning of enters an agreement
 (1) A person enters an agreement if:
 (a) the person enters into any formal or informal scheme, including by:
 (i) creating a trust (whether express or implied); or
 (ii) entering into a transaction; or
 (iii) acquiring an interest in a security, asset, trust or Australian land; or
 (b) the agreement is materially altered or varied.
Note 1: For the definition of scheme, see section 4.
Note 2: A variation of an agreement that increases the percentage that a person holds in an entity is material. A variation to the way the consideration for an acquisition of an interest is worked out is not material.
 (2) This section does not limit the meaning of enters.