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Home/Legislation/Foreign Acquisitions and Takeovers Regulation 2015/29

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Foreign Acquisitions and Takeovers Regulation 2015

29Devolution

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#### 29 Devolution The excluded provisions do not apply in relation to an acquisition of an interest in securities, assets, a trust or Australian land that is acquired by devolution by operation of law, other than as a result of: (a) the operation of section 18A of the Act (increasing percentage of interests without acquiring additional interests in securities); or (b) an arrangement under Part 5.1 or 5.3A of the Corporations Act 2001.

Previous sectionSubdivision BGeneral exemptions Next section30Certain interests held by foreign custodian corporations

Section 29 - Foreign Acquisitions and Takeovers Regulation 2015 - Devolution — Zoe