Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of this Act, a person is taken to propose to acquire shares or assets if the person:
(a) makes an offer to acquire the shares or assets; or
(b) makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of the shares or assets to offer to dispose of the shares or assets; or
(c) takes part in, or proposes to take part in, negotiations with a view to the acquisition of the shares or assets.
(2) A reference in this section to an asset includes a reference to any or all of the interests, rights or benefits of an Australian - registered insurance company under a contract of insurance where the company is the insurer.