Corporate Law Economic Reform Program Act 1999 (156 of 1999)

Schedule 5   Consequential amendment of other Acts

Life Insurance Act 1995

24   Subsection 239(1)

Repeal the subsection, substitute:

(1) This section applies if:

(a) a life company or the holding company of a life company:

(i) lodges a document, or a copy of a document, with ASIC; or

(ii) is given a document, or a copy of a document;

for the purposes of a provision in Parts 6.4 to 6.8 of the Corporations Law of a State or an internal Territory; and

(b) the document:

(i) relates to an off-market bid; and

(ii) is not given under section 641 of that Law.

Note: The heading to section 239 is altered by omitting “ takeover schemes ” and substituting “ off-market takeover bids ”.