Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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

PART 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES  

Division 1A - Limit on control of certain Australian licensees that are not widely held market bodies  

Subdivision A - Scope and interpretation  

SECTION 852DB  

852DB   MEANING OF UNACCEPTABLE CONTROL SITUATION  

An unacceptable control situation exists in relation to a controlled Australian financial body and a particular person if the person ' s voting power in the body is more than:

(a)    unless paragraph (b) applies - 20%; or

(b)    if an approval of a higher percentage is in force under Subdivision C for the body and the person - that higher percentage.