INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Table of Provisions
- 1 Short title
- 2 Commencement
- 3 Objects of Act and simplified outline of Act
- 4 Interpretation
- 5 What is contrary to the public interest
- 6 Entering into an agreement or arrangement
- 7 Associates
- 8 Proposals to acquire shares or assets
- 9 Meaning of "entitled to acquire"
- 10 Meaning of "interest in an asset"
- 11 Meaning of "interest in a share"
- 12 Certain interests in shares to be disregarded
- 13 Voting power
- 14 Associate-inclusive control interest in a company
- 15 Direct control interests in a company
- 16 Power to appoint director
- 17 Deemed notices - options
- 18 Application of Act
- 19 Severability
- 20 Interpretation
- 21 When share acquisition agreements entered into
- 22 Meaning of "trigger proposal" - proposals to acquire or issue shares in Australian-registered insurance companies and related companies
- 23 When trigger proposal carried out
- 24 Compulsory notification of trigger proposal
- 25 30-day time limit for Minister to make a decision
- 26 Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out
- 27 Unconditional or conditional go-ahead decision
- 28 Temporary restraining order
- 29 Permanent restraining order
- 30 Divestment order
- 31 Offence of contravening temporary restraining order, permanent restraining order or divestment order
- 32 Publication of orders
- 33 When orders come into operation
- 34 Revocation of orders
- 35 Interpretation
- 36 Meaning of "trigger proposal" - proposals to acquire or lease assets of Australian-registered insurance companies
- 37 When trigger proposal carried out
- 38 Compulsory notification of trigger proposal
- 39 30-day time limit for Minister to make a decision
- 40 Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out
- 41 Unconditional or conditional go-ahead decision
- 42 Temporary restraining order
- 43 Permanent restraining order
- 44 Divestment order
- 45 Offence of contravening temporary restraining order, permanent restraining order or divestment order
- 46 Publication of orders
- 47 When orders come into operation
- 48 Revocation of orders
- 49 Interpretation
- 50 Meaning of "trigger proposal" - agreements relating to the directorate of Australian-registered insurance companies
- 51 When trigger proposal carried out
- 52 Compulsory notification of trigger proposal
- 53 30-day time limit for Minister to make a decision
- 54 Trigger proposal must not be carried out before a go-ahead decision is given or time limit runs out
- 55 Unconditional or conditional go-ahead decision
- 56 Temporary restraining order
- 57 Permanent restraining order
- 58 Divestment order
- 59 Offence of contravening temporary restraining order, permanent restraining order or divestment order
- 60 Publication of orders
- 61 When orders come into operation
- 62 Revocation of orders
- 63 Federal Court may enforce Ministerial orders
- 64 Anti-avoidance
- 65 Decision-making principles
- 66 Reconsideration of reviewable decision
- 67 Review of decisions by Administrative Appeals Tribunal
- 68 Statements to accompany notification of decisions
- 69 Delegation
- 70 Concurrent operation of State/Territory laws
- 71 Validity of acts done in contravention of this Act
- 72 Minister's consent for criminal proceedings
- 73 Minister may obtain information and documents
- 74 False or misleading statements etc.
- 75 Secrecy
- 76 Conduct by directors, servants and agents
- 77 Company's statutory accounts to be prima facie evidence of value of its assets
- 78 Company's statutory accounts to be prima facie evidence of total net liabilities in respect of its contracts of life insurance
- 79 Company's statutory accounts to be prima facie evidence of its unearned premiums provision and its outstanding claims provision
- 80 Foreign Acquisitions and Takeovers Act 1975 and this Act to operate independently of each other
- 81 Transitional - pre-commencement acquisitions etc.
- 82 Regulations
- 83 Consequential amendments
