Commonwealth Numbered Acts

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Objects of Act and simplified outline of Act  
   4.      Interpretation  
   5.      What is contrary to the public interest  
   6.      Entering into an agreement or arrangement  
   7.      Associates  
   8.      Proposals to acquire shares or assets  
   9.      Meaning of "entitled to acquire"  
   10.     Meaning of "interest in an asset"  
   11.     Meaning of "interest in a share"  
   12.     Certain interests in shares to be disregarded  
   13.     Voting power  
   14.     Associate-inclusive control interest in a company  
   15.     Direct control interests in a company  
   16.     Power to appoint director  
   17.     Deemed notices - options  
   18.     Application of Act  
   19.     Severability  
   20.     Interpretation  
   21.     When share acquisition agreements entered into  
   22.     Meaning of "trigger proposal" - proposals to acquire or issue shares in Australian-registered insurance companies and related companies  
   23.     When trigger proposal carried out  
   24.     Compulsory notification of trigger proposal  
   25.     30-day time limit for Minister to make a decision  
   26.     Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out  
   27.     Unconditional or conditional go-ahead decision  
   28.     Temporary restraining order  
   29.     Permanent restraining order  
   30.     Divestment order  
   31.     Offence of contravening temporary restraining order, permanent restraining order or divestment order  
   32.     Publication of orders  
   33.     When orders come into operation  
   34.     Revocation of orders  
   35.     Interpretation  
   36.     Meaning of "trigger proposal" - proposals to acquire or lease assets of Australian-registered insurance companies  
   37.     When trigger proposal carried out  
   38.     Compulsory notification of trigger proposal  
   39.     30-day time limit for Minister to make a decision  
   40.     Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out  
   41.     Unconditional or conditional go-ahead decision  
   42.     Temporary restraining order  
   43.     Permanent restraining order  
   44.     Divestment order  
   45.     Offence of contravening temporary restraining order, permanent restraining order or divestment order  
   46.     Publication of orders  
   47.     When orders come into operation  
   48.     Revocation of orders  
   49.     Interpretation  
   50.     Meaning of "trigger proposal" - agreements relating to the directorate of Australian-registered insurance companies  
   51.     When trigger proposal carried out  
   52.     Compulsory notification of trigger proposal  
   53.     30-day time limit for Minister to make a decision  
   54.     Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out  
   55.     Unconditional or conditional go-ahead decision  
   56.     Temporary restraining order  
   57.     Permanent restraining order  
   58.     Divestment order  
   59.     Offence of contravening temporary restraining order, permanent restraining order or divestment order  
   60.     Publication of orders  
   61.     When orders come into operation  
   62.     Revocation of orders  
   63.     Federal Court may enforce Ministerial orders  
   64.     Anti-avoidance  
   65.     Decision-making principles  
   66.     Reconsideration of reviewable decision  
   67.     Review of decisions by Administrative Appeals Tribunal  
   68.     Statements to accompany notification of decisions  
   69.     Delegation  
   70.     Concurrent operation of State/Territory laws  
   71.     Validity of acts done in contravention of this Act  
   72.     Minister's consent for criminal proceedings  
   73.     Minister may obtain information and documents  
   74.     False or misleading statements etc.  
   75.     Secrecy  
   76.     Conduct by directors, servants and agents  
   77.     Company's statutory accounts to be prima facie evidence of value of its assets  
   78.     Company's statutory accounts to be prima facie evidence of total net liabilities in respect of its contracts of life insurance  
   79.     Company's statutory accounts to be prima facie evidence of its unearned premiums provision and its outstanding claims provision  
   80.     Foreign Acquisitions and Takeovers Act 1975 and this Act to operate independently of each other  
   81.     Transitional - pre-commencement acquisitions etc.  
   82.     Regulations  
   83.     Consequential amendments  
           SCHEDULE