Co-operatives (National Uniform Legislation) Act 2015
373Share offers to which this Division applies
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373 Share offers to which this Division applies (1) This Division applies to the following offers to purchase shares in a (a) an offer made as part of a proposal for, or that is conditional on, the sale of the business or part of the business, as a going concern, of the co-operative; (b) an offer made as part of a proposal for, or that is conditional on, the registration of the co-operative as a company under the Corporations Act; (c) an offer made as part of a proposal for, or that is conditional on, the winding up of the co-operative; (d) an offer that would result in a contravention of section 363 were the offerer to be registered (immediately after the offer is made) as the holder of the shares that are the subject of the offer; (e) an offer that would lead to the offerer having a substantial share interest in the co-operative, or to a substantial change taking place in a substantial share interest the offerer has in the co-operative, were the offerer to be registered (immediately after the offer is made) as the holder of the shares that are the subject of the offer.
Co-operatives (National Uniform Legislation) Act 2015 235 (2) In subsection (1)(e), substantial share interest and substantial change have the same meanings as they have in section 361.