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 C - Approvals to exceed 20% voting power limit  

SECTION 852DG  

852DG   APPLICATION FOR APPROVAL TO EXCEED 20% VOTING POWER LIMIT  

A person may apply for approval to have voting power of more than 20% in a particular controlled Australian financial body by lodging with ASIC an application in the prescribed form that sets out:

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

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

(c)    the period (whether indefinite or not) the person is seeking the approval for; and

(d)    the person ' s reasons for making the application.

Note 1: For fees in respect of lodging applications, see Part 9.10 .

Note 2: For applications to vary an approved percentage, see section 852DM .