THE CORPORATIONS LAW
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82 The Corporations Law is as follows:...
CHAPTER 1 - INTRODUCTORY
PART 1.2 - INTERPRETATION
Division 2 - Associates
SECTION 12 MATTERS RELATING TO VOTING SHARES 12(1) (Relevant agreement) If the associate reference relates to: (a) the extent of a power to exercise, or to control the exercise of, the voting power attached to voting shares in a body corporate; (b) the primary person's voting power in a body corporate; or (c) a takeover bid for securities in a body corporate; it includes a reference to a person with whom the primary person has, or proposes to enter into, a relevant agreement: (d) because of which one of those persons has or will have power (even if it is in any way qualified):(i) to exercise;
(ii) to control, directly or indirectly, the exercise of; or
(iii) to influence substantially the exercise of;any voting power attached to shares in the body; (e) for the purpose of controlling or influencing:
(i) the composition of the body's board; or
(ii) the conduct of affairs of the body;(f) under which one of those persons:
(i) will or may acquire; or
(ii) may be required by the other to acquire;shares in the body in which the other has a relevant interest; or (g) under which one of those persons may be required to dispose of shares in the body in accordance with the other's directions; whatever other effect the relevant agreement may have.
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