THE CORPORATIONS LAW

CHAPTER 2D - OFFICERS AND EMPLOYEES

PART 2D.5 - PUBLIC INFORMATION ABOUT DIRECTORS AND SECRETARIES

SECTION 205G   LISTED COMPANY - DIRECTOR TO NOTIFY SECURITIES EXCHANGE OF SHAREHOLDINGS ETC  

205G(1)  Notifiable interests.  

A director of a listed public company must notify the relevant securities exchange under subsections (3) and (4) of the following interests of the director:

(a)  relevant interests in securities of the company or a related body corporate

(b)  contracts:

(i) to which the director is a party or under which the director is entitled to a benefit; and

(ii) that confer a right to call for or deliver shares in, debentures of, or interests in a collective investment scheme made available by, the company or a related body corporate.

205G(2)  [Details of notice]  

A notice of a relevant interest in securities under paragraph (1)(a) must give details of:

(a)  the number of securities; and

(b)  the circumstances giving rise to the relevant interest.

205G(3)  Occasions for initial notification.  

The director must notify the exchange within 14 days after each of the following occasions:

(a)  appointment as a director of the company

(b)  the listing of the company.

Paragraph (a) does not apply to a director who retires and is then reappointed at the same meeting.

205G(4)  Updating notices.  

The director must notify the exchange within 14 days after any change in the director's interests.

205G(5)  [Exception]  

The director need not give the information to the exchange under this section if the director has already given the information to the exchange.

205G(6)  ASIC's power to make class orders.  

ASIC may make an order in writing relieving a director of the obligation to notify the relevant securities exchange of an interest in a security or contract. The order may be made in respect of a specified class of companies, directors, securities or contracts.

205G(7)  [Order may be conditional]  

The order may be expressed to be subject to conditions.

205G(8)  [Publication in the Gazette]  

Notice of the making, revocation or suspension of the order must be published in the Gazette.