s 19

Steps in acquisition by agreement

In force

(1)

The principal steps in an acquisition by agreement are:

(a)

the making of a pre‑acquisition declaration under Part V;

(b)

any reconsideration or review of the pre‑acquisition declaration under Part V;

(c)

the authorisation of the acquisition under section 40;

(d)

the making of the agreement under Part VI; and

(e)

the taking of actions required by the agreement to complete the acquisition.

(2)

The making of a pre‑acquisition declaration is not required if:

(a)

the relevant interest is available in the market within the meaning of section 40;

(b)

the interest to be acquired is owned by another acquiring authority; or

(c)

a certificate has been given under section 24.

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