Commonwealth Consolidated Acts

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BANKING ACT 1959 - SECT 13R

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 shares in an ADI as a direct result of:

  (i)   the issue of the shares in compliance with a recapitalisation direction given to the ADI; or

  (ii)   the exercise of a right to acquire shares that was issued in compliance with such a recapitalisation direction;

  (b)   the acquisition of other capital instruments as a direct result of the issue of the other capital instruments in compliance with a recapitalisation direction given to an ADI.



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