Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor 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 assets in:
(i) a sale or disposal of property of a life company under this Division by a judicial manager of the life company or part of the business of the life company; or
(ii) a transfer of insurance business of a life company under a scheme prepared by a judicial manager of the life company, or part of the business of the life company, and confirmed (with or without modifications) by the Court under Part 9;
(whether the assets are shares in another body corporate or other assets);
(b) an agreement or deed for carrying out a transfer described in subparagraph (a)(ii);
(c) arrangements necessary to give effect to a scheme described in subparagraph (a)(ii);
(d) the acquisition of shares in a life company as a direct result of:
(i) the issue or sale of the shares under this Division by a judicial manager of the life company; or
(ii) the exercise of a right to acquire shares that was issued or sold under this Division by a judicial manager of the life company.