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INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 - List of Sections

Section

Compilation Information

Long Title

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 1—Preliminary

1. Short title [ see Note 1]
2. Commencement [ see Note 1]
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
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 3—Control of acquisition or leasing of assets of
Australian-registered insurance companies

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 1—Interpretation


35. Interpretation
36. Meaning of trigger proposal —proposals to acquire or lease assets of Australian-registered insurance companies
37. When trigger proposal carried out
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 2—Notification


38. Compulsory notification of trigger proposal
40. Trigger proposal must not be carried out before a go-ahead decision is given
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 3—Go-ahead decisions


41. Unconditional or conditional go-ahead decision
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 4—Permanent restraining orders and divestment orders


43. Permanent restraining order
44. Divestment order
45. Offence of contravening permanent restraining order or divestment order
46. Publication of orders
47. When orders come into operation
48. Revocation of orders
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 4—Control of agreements relating to the directorate of
Australian-registered insurance companies

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 1—Interpretation


49. Interpretation
50. Meaning of trigger proposal —agreements relating to the directorate of Australian-registered insurance companies
51. When trigger proposal carried out
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 2—Notification


52. Compulsory notification of trigger proposal
54. Trigger proposal must not be carried out before a go-ahead decision is given
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 3—Go-ahead decisions


55. Unconditional or conditional go-ahead decision
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Division 4—Permanent restraining orders and divestment orders


57. Permanent restraining order
58. Divestment order
59. Offence of contravening permanent restraining order or divestment order
60. Publication of orders
61. When orders come into operation
62. Revocation of orders
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 5—Judicial enforcement of Ministerial orders

63. Federal Court may enforce Ministerial orders
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 6—Anti-avoidance

64. Anti-avoidance
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 7—Decision-making principles

65. Decision-making principles
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 8—Review of decisions

66. Reconsideration of reviewable decision
67. Review of decisions by Administrative Appeals Tribunal
68. Statements to accompany notification of decisions
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 9—Miscellaneous

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
75. APRA Act secrecy provisions apply
76. Conduct by directors, servants and agents
77. Company's financial statements to be prima facie evidence of value of its assets
78. Company's financial statements to be prima facie evidence of total net liabilities in respect of its contracts of life insurance
79. Company's financial statements 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
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Part 10—Consequential amendments

83. Consequential amendments
INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Schedule—Consequential amendments

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991
Notes to the Insurance Acquisitions and Takeovers Act 1991

Table A

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