Explanatory note

This Order specifies section 81 (1A) of the Australian Trade Practices Act 1974 for the purposes of section 5 (2) (b) of the Protection of Trading Interests Act 1980. Section 81 of the Trade Practices Act is concerned with the divestiture of assets acquired in contravention of the merger control provisions of that Act. Section 81 (1A) provides for an acquisition of shares to be declared void and the vendor to be ordered to refund the price paid for them. An overseas judgment based on a provision or rule of law specified or described for the purposes of section 5 (2) (b) of the 1980 Act is not enforceable in the United Kingdom.