Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)

Schedule 1   Restrictions on shareholdings

Part 2   Application and transitional provisions

51   Transitional - pending application for approval to hold a stake of more than 15% but not more than 20%

(1) This item applies to an application under section 13 of the Financial Sector (Shareholdings) Act 1998 that:

(a) was made before the commencement of this item; and

(b) is seeking approval to hold a stake of more than 15%, but not more than 20%, in a financial sector company; and

(c) is pending immediately before the commencement of this item.

(2) On the commencement of this item, the application is taken never to have been made.