Western Australian Current Acts Western Australian Current Acts (1) Subject to
subsection (4), a transaction of a relevant entity is a significant
transaction if the amount or value of the consideration for the transaction,
or the amount or value to be given or received by the relevant entity under or
in connection with the transaction, exceeds the amount prescribed for the
purposes of this subsection.
(2) Subject to
subsection (4), a transaction of a relevant entity is a significant
transaction if it is likely to have a significant social, economic,
technological or industrial impact or a significant impact of another
prescribed type.
(3) In considering the
impact of a transaction for the purposes of subsection (2), regard must be had
to any criteria prescribed for the purposes of this section.
(4) A transaction of a
relevant entity is not a significant transaction if it is —
(a) a
disposal to which Subdivision 2 applies; or
(b) a
transaction to which Part 8 Division 4 applies; or
(c) a
prescribed transaction for the purposes of section 137; or
(d) a
transaction that is declared not to be a significant transaction for the
relevant entity under section 104(1).