Document ID: chunk:federal_register_of_legislation:C2024A00137:clause:1_192
Version: federal_register_of_legislation:C2024A00137
Segment Type: clause
Provision Reference: sch 1 cl 192
Character Range: 165699–166365

192  Acquisition of property
 (1) The amendments made by Schedule 1 to the Treasury Laws Amendment (Mergers and Acquisitions Reform) Act 2024 do not apply in relation to an acquisition if:
 (a) apart from this section, the operation of the amendments in relation to the acquisition would result in an acquisition of property from a person otherwise than on just terms; and
 (b) the acquisition of property would be invalid because of paragraph 51(xxxi) of the Constitution.
 (2) In this section:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.