THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.1A - THE AUSTRALIAN STOCK EXCHANGE LIMITED

Division 2 - Limitations on holding shares in the Exchange

SECTION 766F   CAUSING AN UNACCEPTABLE OWNERSHIP SITUATION  

766F    A person or persons (the acquirers ) are guilty of an offence if:

(a)  the acquirers acquire any shares in the Exchange, or enter into a relevant agreement to acquire shares in the Exchange; and

(b)  the acquisition has the result that:

(i) a person who was not previously entitled to more than 5% of the voting shares in the Exchange becomes entitled to more than 5% of the voting shares in the Exchange; or

(ii) a person who was previously entitled to more than 5% of the voting shares in the Exchange becomes entitled to a greater percentage of the voting shares in the Exchange; and

(c)  the acquirers knew the acquisition would have that result, or were reckless as to whether the acquisition would have that result.