Commonwealth Consolidated Acts

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 51

    For the purposes of this Part, if:

  (a)   either of the following subparagraphs applies:

  (i)   one or more persons enter into an agreement in relation to an Australian - registered insurance company;

  (ii)   a constituent document of an Australian - registered insurance company is altered; and

  (b)   the agreement or alteration has an effect mentioned in paragraph   50(b);

the following provisions have effect:

  (c)   if subparagraph   (a)(i) applies--each of the persons is taken to have carried out a trigger proposal;

  (d)   if subparagraph   (a)(ii) applies--the company is taken to have carried out a trigger proposal.