Foreign Acquisitions and Takeovers Act 1975
16Meaning of proposes to take certain action
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16 Meaning of proposes to take certain action
(1) A person proposes to acquire an interest in securities, assets or Australian land if: (a) the person makes an offer to acquire the interest; or (b) the person makes or publishes a statement (however expressed) that expressly or impliedly invites a holder of an interest in securities, assets or Australian land to offer to dispose of an interest in securities, assets or Australian land; or (c) the person takes part in, or proposes to take part in, negotiations with a view to acquiring an interest in securities, assets or Australian land. (2) A person proposes to enter or terminate an agreement if the person takes part in, or proposes to take part in, negotiations with a view to entering or terminating the agreement. (3) This section does not limit the meaning of propose.