Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

View history reference

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

 View history note

 Hide history note

History

Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).

Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.

PART 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES  

View history reference

Division 1 - Limit on control of certain licensees  

View history reference

Subdivision B - Approval to exceed 15% voting power limit  

View history reference

SECTION 851A   APPLICATION FOR APPROVAL TO EXCEED 15% VOTING POWER LIMIT  

View history reference

851A(1)   [ Approval to exceed voting power limit]  

A person may apply for approval to have voting power of more than 15% in a particular widely held market body (other than the Australian Stock Exchange Limited) by lodging with ASIC an application that:

(a) specifies the percentage of voting power (if any) the person currently has in the widely held market body; and

(b) specifies the percentage of voting power the person is seeking approval to have in the body; and

(c) sets out the person's reasons for making the application.

Note: For fees in respect of lodging applications, see Part 9.10 .

851A(2)   [ Application given to Minister]  

ASIC must give the application to the Minister as soon as possible.

 View history note

 Hide history note

History

S 851A inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1] (effective 11 March 2002).

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.