FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 25 Meaning of enters an agreement
FOREIGN ACQUISITIONS AND TAKEOVERS ACT 1975 - SECT 25
Meaning of enters an agreement(1) A person enters an agreement if:
(a) the person enters into any formal or informal scheme, including by:
(i) creating a trust (whether express or implied); or
(ii) entering into a transaction; or
(iii) acquiring an interest in a security, asset, trust or Australian land; or
(b) the agreement is materially altered or varied.
Note 1: For the definition of scheme , see section 4.
Note 2: A variation of an agreement that increases the percentage that a person holds in an entity is material. A variation to the way the consideration for an acquisition of an interest is worked out is not material.
(2) This section does not limit the meaning of enters .