Commonwealth Consolidated Acts

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - SECT 8

             (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.