Document ID: chunk:federal_register_of_legislation:C2025C00165:section:16aa
Version: federal_register_of_legislation:C2025C00165
Segment Type: section
Provision Reference: s 16AA
Character Range: 184948–185894

16AA  Exceptions to Part IV of the Competition and Consumer Act 2010
  For the purposes of subsection 51(1) of the Competition and Consumer Act 2010, 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 a body corporate under this Division by a Banking Act statutory manager in control of the body corporate's business (whether the assets are shares in another body corporate or other assets);
 (b) the acquisition of shares in a body corporate as a direct result of:
 (i) the issue or sale of the shares under this Division by a Banking Act statutory manager in control of the body corporate's business; or
 (ii) the exercise of a right to acquire shares that was issued or sold under this Division by a Banking Act statutory manager in control of the body corporate's business.

Subdivision C—APRA's powers to apply for ADI to be wound up