CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 1 - INTRODUCTORY
PART 1.2 - INTERPRETATION
Division 7 - Interpretation of other expressions
SECTION 51
ACQUISITION AND DISPOSAL OF SHARES
51(1)
(``deal'')
For the purposes of the definition of ``
deal'' in section 9 and of
Chapter 7, a person acquires shares in a body corporate if, and only if:
(a)
the person acquires a relevant interest in those shares as a result of a transaction entered into by or on behalf of the person in relation to those shares, in relation to any other securities of that body corporate or in relation to securities of any other body corporate; or
(b)
the person acquires any legal or equitable interest in securities of that body corporate or in securities of any other body corporate and, as a result of the acquisition, another person acquires a relevant interest in those shares.
History
S 51(1) amended by No 156 of 1999, Sch 3, Pt 9 (effective 13 March 2000).
51(2)
(Repealed by No 156 of 1999, Sch 3, Pt 9 (effective 13 March 2000).)
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