30
CurrentAcquisition of property
Part 2Restrictions on shareholdings in financial sector companies
Division 6Ancillary matters
30 Acquisition of property
(1)
The Federal Court must not make an order under this Part if:
(a)
the order would result in the acquisition of property from a person otherwise than on just terms; and
(b)
the order would be invalid because of paragraph 51(xxxi) of the Constitution.
(2)
In this section:
acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.
just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.
This Act’s bill:Explanatory memorandumSecond reading speech
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