Entering into an agreement or arrangement
3 Entering into an agreement or arrangement
For the purposes of the ownership provisions, a person is taken to have proposed to enter into an agreement or arrangement if the person takes part in, or proposes to take part in, negotiations with a view to entering into the agreement or arrangement.
A reference in the ownership provisions to entering into an agreement or arrangement includes a reference to altering or varying an agreement or arrangement.
A reference in the ownership provisions to entering into an arrangement is a reference to entering into any formal or informal scheme, arrangement or understanding, whether expressly or by implication and, without limiting the generality of the foregoing, includes a reference to:
entering into an agreement; or
creating a trust, whether express or implied; or
entering into a transaction;
and a reference in the ownership provisions to an arrangement is to be construed accordingly.
A reference in the ownership provisions to an arrangement does not include a reference to a moneylending agreement.
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