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Life Insurance Act 1995
230AMExceptions to Part IV of the Competition and Consumer Act 2010
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#### 230AM Exceptions to Part IV of the Competition and Consumer Act 2010
For the purposes of subsection 51(1) of the Competition and Consumer Act 2010, the following things are specified and specifically authorised:
(a) the acquisition of shares in a life company as a direct result of:
(i) the issue of the shares in compliance with a recapitalisation direction given to the company; or
(ii) the exercise of a right to acquire shares that was issued in compliance with such a recapitalisation direction;
(b) the acquisition of other capital instruments as a direct result of the issue of the other capital instruments in compliance with a recapitalisation direction given to a life company.