New Zealand Acts

COMMERCE ACT 1986 - SECT 46

46 Saving in respect of business acquisitions

Nothing in this Part applies—

a) to any of the following to the extent that the contract, arrangement, understanding, or covenant provides for the acquisition or disposition of assets of a business or shares:

i) entering into a contract or an arrangement:

ii) arriving at an understanding:

iii) giving, or requiring the giving of, a covenant; or

b) to any act done to give effect to a provision of a contract, arrangement, understanding, or covenant that provides for the acquisition or disposition of assets of a business or shares.

History: Section 46: substituted, on 2 September 1996, by section 3 of the Commerce Amendment Act 1996 (1996 No 113).   Section 46(a): replaced, on 5 April 2023, by section 21(1) of the Commerce Amendment Act 2022 (2022 No 11).     Section 46(b): amended, on 5 April 2023, by section 21(2) of the Commerce Amendment Act 2022 (2022 No 11).