Western Australian Numbered Acts Western Australian Numbered Acts (1) A person acquires
an interest in an entity if —
(a) the
person obtains an interest in the entity; or
(b) the
person’s interest in the entity increases,
regardless of how it
is obtained or increased.
(2) Without limiting
subsection (1), a person may acquire an interest in a corporation or a
unit trust scheme in the following ways —
(a) by
the purchase, gift, allotment or issue of a share or unit;
(b) by
the cancellation, redemption or surrender of a share or unit;
(c) by
the abrogation or alteration of any right in respect of a share or unit;
(d) by
the payment of an amount owing for a share or unit.
(3) To remove any
doubt, it is declared that an interest in a corporation or a unit trust scheme
may be acquired without the acquisition of shares in the corporation or units
in the scheme.
Subdivision 1 — Definitions