Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1491

Acquisition of property

  (1)   Despite section   1350, a provision of this Division does not apply, and is taken never to have applied, to the extent that the operation of the provision would result in an acquisition of property from a person otherwise than on just terms.

  (2)   In subsection   (1), acquisition of property and just terms have the same meanings as in paragraph   51(xxxi) of the Constitution.


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