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 the whole or part of the business of a body corporate under this Division by a Life Insurance Act statutory manager in control of the body corporate's business; or
(ii) a transfer of life insurance business of a life company under a scheme prepared by a Life Insurance Act statutory manager in control of the life company's business 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) the acquisition of shares in a body corporate as a direct result of:
(i) the issue or sale of the shares under this Division by a Life Insurance Act statutory manager in control of the body corporate's business; or
(ii) the exercise of a right to acquire shares that was issued or sold under this Division by a Life Insurance Act statutory manager in control of the body corporate's business.