{\rtf1\ansi\ansicpg1252\uc1\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang1033\deflangfe1033{\fonttbl{\f0\froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};} {\f66\froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f67\froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\f69\froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};} {\f70\froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\f71\froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f72\froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};} {\f73\froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f74\froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255; \red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0; \red128\green128\blue128;\red192\green192\blue192;}{\stylesheet{\ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \snext0 Normal;}{\*\cs10 \additive \ssemihidden Default Paragraph Font;}{\* \ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\widctlpar\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \snext11 \ssemihidden Normal Table;}{\s15\ql \li0\ri0\nowidctlpar\faauto\rin0\lin0\itap0 \fs24\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext15 Style 1;}{\*\ts16\tsrowd\trbrdrt\brdrs\brdrw10 \trbrdrl\brdrs\brdrw10 \trbrdrb\brdrs\brdrw10 \trbrdrr\brdrs\brdrw10 \trbrdrh\brdrs\brdrw10 \trbrdrv\brdrs\brdrw10 \trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tscellwidthfts0\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0 \fs20\lang1024\langfe1024\cgrid\langnp1024\langfenp1024 \sbasedon11 \snext16 \styrsid6231924 Table Grid;}}{\*\latentstyles\lsdstimax156\lsdlockeddef0}{\*\rsidtbl \rsid1578666\rsid1900990\rsid3277255\rsid4206110\rsid5571969\rsid6105935\rsid6231924 \rsid12868444}{\*\generator Microsoft Word 11.0.5604;}{\info{\author borugu_j}{\operator pitamama_k}{\creatim\yr2009\mo10\dy21\hr11\min18}{\revtim\yr2009\mo10\dy29\hr10\min11}{\version5}{\edmins10}{\nofpages1}{\nofwords178}{\nofchars1019} {\*\company scims}{\nofcharsws1195}{\vern24689}}\paperw11678\paperh16598\margl1440\margr1440 \widowctrl\ftnbj\aenddoc\noxlattoyen\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\subfontbysize\hyphcaps0\formshade\horzdoc\dghspace120\dgvspace120\dghorigin1701 \dgvorigin1984\dghshow0\dgvshow3\jcompress\viewkind4\viewscale150\pgbrdrhead\pgbrdrfoot\nolnhtadjtbl\rsidroot1900990 \fet0\sectd \linex0\sectdefaultcl\sectrsid1578666\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2 \pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6 \pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 \fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6231924\charrsid6231924 COOK ISLANDS}{ \b\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6231924\charrsid6231924 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6231924\charrsid6231924 DEVELOPMENT INVESTMENT AMENDMENT ACT 2008 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid6231924\charrsid6231924 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid4206110 ANALYSIS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid4206110 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 Title}{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444\charrsid1578666 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12868444 {\fs24\lang2057\langfe1033\langnp2057\insrsid12868444\charrsid3277255 1. Short Title}{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444\charrsid3277255 2}{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444 .}{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444\charrsid3277255 }{\fs24\lang2057\langfe1033\langnp2057\insrsid12868444 Transfer of shares or interest \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid12868444 {\fs24\lang2057\langfe1033\langnp2057\insrsid12868444 ____________________ \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 2008, No. 19 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 An Act to amend the Development Investment Act 1995-96}{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid6231924\charrsid6231924 \par }\pard \ql \li5760\ri0\widctlpar\faauto\adjustright\rin0\lin5760\itap0\pararsid6231924 {\b\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 (26 November 2008 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }{\b\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 BE IT ENACTED}{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 by the Parliament of the Cook Islands in Session assembled , and by the authority of the same as follows: \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 1. }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 Short Title}{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 - This Act may be cited as the Development Investment Amendment Act 2008 and shall be read together with and deemed part of the Development Investment Act 1995-96 (hereinafter referred to as "the principal Act"). \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 2. }{\fs24\ul\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid6231924 Transfer of shares or interest}{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 - Section 24 of the principal Act is amended, by inserting after subsection (3), the following new subsection- \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 "(3A) Any - \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 (a) transfer of the legal or equitable interest in shares or proprietary interest; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 (b) any increase in capital or proprietary interest \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 that requires the approval of the Board pursuant to subsection (1) or subsection (2) as the case may require and is done or purported to have been done without first obtaining such approval, is null and void and of no effect." \par }{\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 ____________________ \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid6231924 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid6231924 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 This Act is administered by the Business Trade Investment Board \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid1578666 {\fs24\lang2057\langfe1033\langnp2057\insrsid1578666\charrsid1578666 \par }}