21 Circumstance—acquisitions resulting in large or larger corporate groups

2-1 Circumstance—acquisitions resulting in large or larger corporate groups

Under subsection 51ABP(1) of the Act, the following circumstances are determined for the purposes of subparagraph 51ABO(b)(i) of the Act in relation to an acquisition: (a) the acquisition is of shares or assets; and (b) the shares or assets are connected with Australia; and (c) the acquisition satisfies the combined acquirer/target revenue test on the contract date; and (d) at least one of the following is met: (i) the acquisition satisfies the tier-1 acquired shares or assets revenue test on the contract date; (ii) the acquisition satisfies the tier-1 transaction value test on the contract date.

Note: Even where an acquisition falls within the circumstances set out in this section, an acquisition covered by Division 2 of this Part is not required to be notified.