51When trigger proposal carried out

51 When trigger proposal carried out

For the purposes of this Part, if: (a) either of the following subparagraphs applies: (i) one or more persons enter into an agreement in relation to an Australian‑registered insurance company; (ii) a constituent document of an Australian‑registered insurance company is altered; and (b) the agreement or alteration has an effect mentioned in paragraph 50(b); the following provisions have effect: (c) if subparagraph (a)(i) applies—each of the persons is taken to have carried out a trigger proposal; (d) if subparagraph (a)(ii) applies—the company is taken to have carried out a trigger proposal.