31 Class of acquisitions—supermarket businesses

3-1 Class of acquisitions—supermarket businesses

Under subsection 51ABQ(1) of the Act, an acquisition is in a class of acquisitions determined for the purposes of subparagraph 51ABO(b)(ii) of the Act, if: (a) the acquisition is of shares or assets; and (b) the acquisition will have the effect that an entity, being an entity that is a major supermarket, acquires, in whole or in part, a supermarket business.

Note 1: An acquisition is required to be notified to the Commission if the acquisition is in a class of acquisitions covered by this section.

Note 2: The Act provides that the acquisition provisions apply to the acquisition of units in a unit trust, or an interest in a managed investment scheme, as if the units were shares in the capital of a body corporate (see section 51ABC of the Act).