Commonwealth Consolidated Acts

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FUTURE FUND ACT 2006 - SECT 21

Board must not trigger the takeover provisions of the Corporations Act 2001

  (1)   Section   606 of the Corporations Act 2001 does not apply to an acquisition by the Board if the acquisition is the result of a transfer under clause   6 or 7 of Schedule   1 to this Act.

  (2)   Subsections   606(1A) and (2A) and section   611 of the Corporations Act 2001 do not apply to an acquisition by the Board if the acquisition is the result of the performance by the Board of its Future Fund investment functions.

  (3)   A failure by the Board to comply with section   606 of the Corporations Act 2001 (as modified by this section) does not affect the validity of any transaction.

Note:   See also section   39 (application of the Corporations Act 2001 ).



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