Aboriginal and Torres Strait Islander Land and Sea Future Fund Act 2018
37Future Fund Board must not trigger the takeover provisions of the Corporations Act 2001
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37 Future Fund Board must not trigger the takeover provisions of the Corporations Act 2001
(1) Subsections 606(1A) and (2A) and section 611 of the Corporations Act 2001 do not apply to an acquisition by the Future Fund Board if the acquisition is the result of the performance by the Future Fund Board of its Aboriginal and Torres Strait Islander Land and Sea Future Fund investment functions. (2) A failure by the Future Fund Board to comply with section 606 of the Corporations Act 2001 (as modified by this section) does not affect the validity of any transaction.
Note: See also section 39 of the Future Fund Act 2006 (application of the Corporations Act 2001).