Commonwealth Numbered Regulations

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FOREIGN ACQUISITIONS AND TAKEOVERS REGULATION 2015 (SLI NO 217 OF 2015) - REG 41

Exemptions for certain acquisitions

             (1)  This section applies for the following provisions:

                     (a)  Division 3 of Part 2 of the Act (meaning of notifiable action );

                     (b)  Part 4 of the Act (notice of notifiable actions and significant actions);

                     (c)  any other provision of the Act to the extent that it relates to either of those provisions.

             (2)  The provisions specified in subsection (1) of this section do not apply in relation to an acquisition of an interest in securities in an entity (including securities in a land entity) if:

                     (a)  both of the following apply:

                              (i)  the acquisition is under a rights issue;

                             (ii)  the interest has not been previously offered for issue under the rights issue; or

                     (b)  all of the following apply:

                              (i)  the entity is listed for quotation in the official list of a stock exchange in Australia;

                             (ii)  that listing is the entity's primary listing in an official list of a stock exchange;

                            (iii)  the acquisition is under a dividend reinvestment plan, a bonus share plan, a distribution reinvestment plan or a switching facility.



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