Document ID: chunk:federal_register_of_legislation:C2008A00105:clause:2_16aa
Version: federal_register_of_legislation:C2008A00105
Segment Type: clause
Provision Reference: sch 2 cl 16AA
Character Range: 100637–101431

16AA  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 assets in a sale or disposal of the whole or part of the business of an ADI under this Division by an ADI statutory manager in control of the ADI's business (whether the assets are shares in another body corporate or other assets);
 (b) the acquisition of shares in an ADI as a direct result of:
 (i) the issue or sale of the shares under this Division by an ADI statutory manager in control of the ADI's business; or
 (ii) the exercise of a right to acquire shares that was issued or sold under this Division by an ADI statutory manager in control of the ADI's business.