Western Australian Numbered Acts

DUTIES ACT 2008 (NO. 11 OF 2008) - SECT 164

164 .         Acquisition of further interest by holder of significant interest

                An acquisition by a person of an interest in an entity is also a "relevant acquisition" if —

            (a)         immediately before the acquisition the entity is a landholder in which —

                  (i)         the interest of the person is a significant interest; or

                  (ii)         the interest of the person when aggregated with any interest of a related person amounts to a significant interest;

                and

            (b)         by the acquisition the person or any related person acquires, or the person and any related person acquire, a further interest in the landholder.

Subdivision 3 — Exempt acquisitions