Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_70
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 70
Character Range: 116027–116897

70  Approval of amalgamation

 (1) If the members of each of the existing organisations concerned in a proposed amalgamation approve the proposed principal amalgamation, the proposed principal amalgamation is approved for the purposes of this Part.

 (2) If:
 (a) the scheme for a proposed amalgamation contains an alternative provision; and
 (b) the members of one or more of the existing organisations concerned in the amalgamation do not approve the proposed principal amalgamation; and
 (c) the members of 2 or more of the organisations (in paragraph (d) called the approving organisations) approve a proposed alternative amalgamation; and
 (d) where one of the existing organisations is the proposed amalgamated organisation—that organisation is one of the approving organisations;
the proposed alternative amalgamation is approved for the purposes of this Part.