Commonwealth Numbered Acts

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CORPORATIONS ACT 2001 - SECT 51

Acquisition and disposal of shares

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.



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