New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) Despite section 7, section 47 of the Commerce Act 1986 applies to an acquisition of assets of a business or shares by any of the persons specified in subsection (2) (or any interconnected body corporate of any of those persons), as if the assets or shares were acquired by new co-op immediately after the new co-op amalgamation, if—
(a) the acquisition took place during the period commencing on 15 August 2001 and ending on the amalgamation date; and
(b) the assets or shares are held by new co-op (or any interconnected body corporate of new co-op) immediately after the amalgamation date.
(2) The persons referred to in subsection (1) are—
(a) The New Zealand Co-operative Dairy Company Limited:
(b) Kiwi Co-operative Dairies Limited:
(c) Fonterra Co-operative Group Limited:
(d) the Board.
(3) Despite section 7, if the amalgamation referred to in section 7(1)(c) takes place, section 47 of the Commerce Act 1986 applies to an acquisition of assets of a business or shares by The Tatua Co-operative Dairy Company Limited (or any interconnected body corporate of that company), as if the assets or shares were acquired by new co-op immediately after the amalgamation referred to in section 7(1)(c), if—
(a) the acquisition took place during the period commencing on 15 August 2001 and ending on the date of the amalgamation referred to in section 7(1)(c); and
(b) the assets or shares are held by new co-op (or any interconnected body corporate of new co-op) immediately after that date.
(4) Despite section 7, if the amalgamation referred to in section 7(1)(d) takes place, section 47 of the Commerce Act 1986 applies to an acquisition of assets of a business or shares by Westland Co-operative Dairy Co Limited (or any interconnected body corporate of that company), as if the assets or shares were acquired by new co-op immediately after the amalgamation referred to in section 7(1)(d), if—
(a) the acquisition took place during the period commencing on 15 August 2001 and ending on the date of the amalgamation referred to in section 7(1)(d); and
(b) the assets or shares are held by new co-op (or any interconnected body corporate of new co-op) immediately after that date.
