FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 16 Meaning of proposes to take certain action
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 16
Meaning of proposes to take certain action(1) A person proposes to acquire an interest in securities, assets or Australian land if:
(a) the person makes an offer to acquire the interest; or
(b) the person makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of an interest in securities, assets or Australian land to offer to dispose of an interest in securities, assets or Australian land; or
(c) the person takes part in, or proposes to take part in, negotiations with a view to acquiring an interest in securities, assets or Australian land.
(2) A person proposes to enter or terminate an agreement if the person takes part in, or proposes to take part in, negotiations with a view to entering or terminating the agreement.
(3) This section does not limit the meaning of propose .