Commonwealth Consolidated Acts

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INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 43

Permanent restraining order

    If the Minister is satisfied that the result of a trigger proposal would be contrary to the public interest, the Minister may, by notifiable instrument, make an order (in this Part   called a permanent restraining order ) prohibiting the proposed acquisition or prohibiting the entering into of the proposed arrangement, as the case may be, to which the trigger proposal relates.

Note:   See section   5 (about what is contrary to the public interest).



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