Foreign Acquisitions and Takeovers Act 1975
PART 1
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PRELIMINARY
Division 2
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Definitions
Subdivision B
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Some defined terms and rules of interpretation
SECTION 16
MEANING OF
PROPOSES
TO TAKE CERTAIN ACTION
16(1)
A person proposes to acquire an interest in securities, assets or Australian land if:
(a) the person makes an offer to acquire the interest; or
(b) the person makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of an interest in securities, assets or Australian land to offer to dispose of an interest in securities, assets or Australian land; or
(c) the person takes part in, or proposes to take part in, negotiations with a view to acquiring an interest in securities, assets or Australian land.
16(2)
A person proposes to enter or terminate an agreement if the person takes part in, or proposes to take part in, negotiations with a view to entering or terminating the agreement.
16(3)
This section does not limit the meaning of propose .
View history note
Hide history noteA person proposes to acquire an interest in securities, assets or Australian land if:
(a) the person makes an offer to acquire the interest; or
(b) the person makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of an interest in securities, assets or Australian land to offer to dispose of an interest in securities, assets or Australian land; or
(c) the person takes part in, or proposes to take part in, negotiations with a view to acquiring an interest in securities, assets or Australian land.
16(2)
A person proposes to enter or terminate an agreement if the person takes part in, or proposes to take part in, negotiations with a view to entering or terminating the agreement.
16(3)
This section does not limit the meaning of propose .
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