Document ID: chunk:federal_register_of_legislation:C2023C00427:clause:2_28
Version: federal_register_of_legislation:C2023C00427
Segment Type: clause
Provision Reference: sch 2 cl 28
Character Range: 44217–45013

28  Prohibition of transactions that result in an unacceptable ownership situation
(1) A person must not enter into a transaction if the transaction has the result, in relation to a Medibank Private company, that an unacceptable ownership situation comes into existence in relation to the company.
(2) If an unacceptable ownership situation exists in relation to a Medibank Private company because there is or are one or more persons each of whom holds a particular type of stake in that company of more than 15%, a person must not enter into a transaction if the transaction has the result that there is an increase in any type of stake held by any of those persons.
(3) A contravention of subitem (1) or (2) is not an offence. However, it is a ground for obtaining an injunction under Part 7.