Document ID: chunk:federal_register_of_legislation:C2024C00844:section:18a
Version: federal_register_of_legislation:C2024C00844
Segment Type: section
Provision Reference: s 18A
Character Range: 72308–74405

18A  Increasing percentage of interests without acquiring additional interests in securities

Effect of increase—person is taken to take an action of acquiring an interest in securities
 (1) A person is taken to take an action of acquiring an interest in securities in an entity if:
 (a) the person holds an interest of a particular percentage in the entity; and
 (b) the percentage interest that the person holds increases without the person acquiring interests in securities in the entity.
Note: The combined effect of this subsection and other provisions of this Act may be that the person takes:
(a) a significant action because of paragraph 40(2)(a) or (b) or 43(a) or section 44; or
(b) a notifiable action because of paragraph 47(2)(a), (b) or (c) or section 48; or
(c) a notifiable national security action because of paragraph 55B(1)(c) or (d); or
(d) a reviewable national security action because of paragraph 55D(1)(a) or 55F(a).

Effect of potential increase—person is taken to propose to take an action of acquiring an interest in securities
 (2) A person is taken to propose to take an action of acquiring an interest in securities in an entity if:
 (a) the person holds an interest of a particular percentage in the entity; and
 (b) there are reasonable grounds to believe that the percentage interest that the person holds may increase without the person acquiring interests in securities in the entity.
 (3) Paragraph (2)(b) applies whether or not any person actually has the belief mentioned in that paragraph.

Modification of this Act
 (4) The following table has effect:

Increasing percentage of interests without acquiring additional interests in securities—modification of this Act
Item                                                                                                              The following provisions of this Act …                                                                                                             apply in relation to an action or proposed action that is taken to occur because of subsection (1) or (2) of this section as if …