Corporations Act 2001

CHAPTER 10 - TRANSITIONAL PROVISIONS  

PART 10.75 - APPLICATION AND TRANSITIONAL PROVISIONS RELATING TO SCHEDULE 2 TO THE TREASURY LAWS AMENDMENT (FINANCIAL MARKET INFRASTRUCTURE AND OTHER MEASURES) ACT 2024  

Division 4 - Declared financial markets and widely held market bodies  

Subdivision B - Widely held market bodies  

SECTION 1705K   TRANSITIONAL - PRE-COMMENCEMENT APPROVALS GRANTED FOR PRESERVATION OF VOTING POWER  

1705K(1)    
This section applies to an approval to hold a particular percentage of voting power in a body corporate if the approval:

(a)    was in force immediately before the commencement time; and

(b)    was taken to be granted under section 851B because of the operation of section 851I as in force at that time.

1705K(2)    
The approval continues in force (and may be dealt with) at and after the commencement time as if the approval were granted under section 851B because of the operation of section 851I as amended by Part 3 of the amending Schedule.