Commonwealth Consolidated Acts

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LANDS ACQUISITION ACT 1989 - SECT 19

Steps in acquisition by agreement

             (1)  The principal steps in an acquisition by agreement are:

                     (a)  the making of a pre‑acquisition declaration under Part V;

                     (b)  any reconsideration or review of the pre‑acquisition declaration under Part V;

                     (c)  the authorisation of the acquisition under section 40;

                     (d)  the making of the agreement under Part VI; and

                     (e)  the taking of actions required by the agreement to complete the acquisition.

             (2)  The making of a pre‑acquisition declaration is not required if:

                     (a)  the relevant interest is available in the market within the meaning of section 40;

                     (b)  the interest to be acquired is owned by another acquiring authority; or

                     (c)  a certificate has been given under section 24.



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