6Entering into an agreement or arrangement

6 Entering into an agreement or arrangement

(1) For the purposes of this Act, a person is taken to have proposed to enter into an agreement or arrangement if the person takes part in, or proposes to take part in, negotiations with a view to entering into the agreement or arrangement. (2) A reference in this Act to entering into an agreement or arrangement includes a reference to altering or varying an agreement or arrangement. (3) A reference in this Act to entering into an arrangement is a reference to entering into any formal or informal scheme, arrangement or understanding, whether expressly or by implication and, without limiting the generality of the foregoing, includes a reference to: (a) entering into an agreement; or (b) creating a trust, whether express or implied; or (c) entering into a transaction; and a reference in this Act to an arrangement is to be construed accordingly. (4) A reference in this Act to an arrangement does not include a reference to a moneylending agreement.