16Steps in acquisition by agreement

16 Steps in acquisition by agreement (1) The principal steps in an acquisition under this Act by agreement are— (a) the making of a pre-acquisition declaration under part 4; and (b) any reconsideration of the pre-acquisition declaration under part 4; and (c) the authorisation of the acquisition under section 32; and (d) the making of the agreement under part 5; and (e) the taking of actions required by the agreement to complete the acquisition. (2) The making of a pre-acquisition declaration is not required if— (a) the interest to be acquired is owned by another acquiring authority; or (b) a certificate has been given under section 21.