Conditional transactions
61AZD Conditional transactions
Entry of media group
If:
a person is a party to a proposed transaction; and
the proposed transaction is subject to the condition that the ACMA enters a proposed media group in the Register; and
the person requests the ACMA to assume, for the purposes of this Subdivision, that the proposed transaction:
had been completed; and
were not subject to that condition; and
the ACMA is satisfied that:
the parties to the proposed transaction are acting in good faith; and
if the media group were to be entered in the Register on the basis of the assumption mentioned in paragraph (c)—the proposed transaction will be completed within 5 business days after the making of the relevant entry in the Register;
then, for the purposes of this Subdivision, the ACMA may make the assumption mentioned in paragraph (c).
Removal of entry of media group
If:
a person is a party to a proposed transaction; and
the proposed transaction is subject to the condition that the ACMA removes a media group’s entry from the Register; and
the person requests the ACMA to assume, for the purposes of this Subdivision, that the proposed transaction:
had been completed; and
were not subject to that condition; and
the ACMA is satisfied that:
the parties to the proposed transaction are acting in good faith; and
if the media group’s entry were to be removed from the Register on the basis of the assumption mentioned in paragraph (c)—the proposed transaction will be completed within 5 business days after the removal of the relevant entry from the Register;
then, for the purposes of this Subdivision, the ACMA may make the assumption mentioned in paragraph (c).
Alteration of entry of media group
If:
a person is a party to a proposed transaction; and
the proposed transaction is subject to the condition that the ACMA alters a media group’s entry in the Register; and
the person requests the ACMA to assume, for the purposes of this Subdivision, that the proposed transaction:
had been completed; and
were not subject to that condition; and
the ACMA is satisfied that:
the parties to the proposed transaction are acting in good faith; and
if the media group’s entry in the Register were to be altered on the basis of the assumption mentioned in paragraph (c)—the proposed transaction will be completed within 5 business days after the making of the relevant alteration in the Register;
then, for the purposes of this Subdivision, the ACMA may make the assumption mentioned in paragraph (c).
Requests
A request under subsection (1), (2) or (3) must be:
in a form approved in writing by the ACMA; and
accompanied by such information as the ACMA requires.
An approved form of a request may provide for verification by statutory declaration of information accompanying requests.
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