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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 51 Acquisition and disposal of shares

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 51

Acquisition and disposal of shares
51. (1) For the purposes of the definition of "deal" in section 9 and of
Chapters 6 and 7, a person acquires shares in a body corporate if, and only
if:

   (a)  the person acquires a relevant interest in those shares as a result of
        a transaction entered into by or on behalf of the person in relation
        to those shares, in relation to any other securities of that body
        corporate or in relation to securities of any other body corporate; or

   (b)  the person acquires any legal or equitable interest in securities of
        that body corporate or in securities of any other body corporate and,
        as a result of the acquisition, another person acquires a relevant
        interest in those shares.

(2) For the purposes of Chapter 6, a person disposes of shares in a body
corporate if, and only if, having a relevant interest in those shares, the
person ceases to have a relevant interest in those shares.