Document ID: chunk:federal_register_of_legislation:C2008A00105:clause:4_179a
Version: federal_register_of_legislation:C2008A00105
Segment Type: clause
Provision Reference: sch 4 cl 179A
Character Range: 164314–165519

179A  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:
 (i) a sale or disposal of property of a life company under this Division by a judicial manager of the life company or part of the business of the life company; or
 (ii) a transfer of insurance business of a life company under a scheme prepared by a judicial manager of the life company, or part of the business of the life company, and confirmed (with or without modifications) by the Court under Part 9;
  (whether the assets are shares in another body corporate or other assets);
 (b) an agreement or deed for carrying out a transfer described in subparagraph (a)(ii);
 (c) arrangements necessary to give effect to a scheme described in subparagraph (a)(ii);
 (d) the acquisition of shares in a life company as a direct result of:
 (i) the issue or sale of the shares under this Division by a judicial manager of the life company; or
 (ii) the exercise of a right to acquire shares that was issued or sold under this Division by a judicial manager of the life company.