Industrial Relations Regulation 2018
sec.117Amalgamation approval
Start here
Get a plain-English read of sec.117
Turn the raw legal text into a practical explanation grounded in Industrial Relations Regulation 2018.
sec.117 Amalgamation approval
If each existing organisation for a proposed amalgamation approves the proposed amalgamation, the proposed amalgamation is approved. An alternative amalgamation is approved if— the scheme for the proposed amalgamation has an alternative scheme; and 1 or more existing organisations for the amalgamation do not approve the proposed amalgamation; and each existing organisation that the alternative amalgamation is about approves the alternative amalgamation. (sec.117-ssec.1) If each existing organisation for a proposed amalgamation approves the proposed amalgamation, the proposed amalgamation is approved. (sec.117-ssec.2) An alternative amalgamation is approved if— the scheme for the proposed amalgamation has an alternative scheme; and 1 or more existing organisations for the amalgamation do not approve the proposed amalgamation; and each existing organisation that the alternative amalgamation is about approves the alternative amalgamation.
- (a) the scheme for the proposed amalgamation has an alternative scheme; and
- (b) 1 or more existing organisations for the amalgamation do not approve the proposed amalgamation; and
- (c) each existing organisation that the alternative amalgamation is about approves the alternative amalgamation.