Corporations Regulations 2001
SCHEDULE 8
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SCHEMES OF ARRANGEMENT UNDER PART 5.1 OF THE ACT
For clause 3:
(a) a person has a prescribed shareholding in a company if he or she is entitled to not less than 30% of the voting shares in the company; and
(b) a person has a prescribed shareholding in a company in which the voting shares are divided into 2 or more classes of shares, if he or she is entitled to not less than 30% of the shares in one of those classes.
(regulation 5.1.01 )
CHAPTER 5 - EXTERNAL ADMINISTRATION
PART 3 - PRESCRIBED INFORMATION RELATING TO PROPOSED COMPROMISE OR ARRANGEMENT WITH MEMBERS OR A CLASS OF MEMBERS SECTION 8306. 8306.For clause 3:
(a) a person has a prescribed shareholding in a company if he or she is entitled to not less than 30% of the voting shares in the company; and
(b) a person has a prescribed shareholding in a company in which the voting shares are divided into 2 or more classes of shares, if he or she is entitled to not less than 30% of the shares in one of those classes.
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