THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW

THE CORPORATIONS LAW   82 

The Corporations Law is as follows:...

CHAPTER 7 - SECURITIES

PART 7.1A - THE AUSTRALIAN STOCK EXCHANGE LIMITED

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History

Pt 7.1A inserted by No 199 of 1997, Sch 1 (effective 16 December 1997).

Division 2 - Limitations on holding shares in the Exchange

SECTION 766F   CAUSING AN UNACCEPTABLE OWNERSHIP SITUATION  

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766F    A person or persons (the acquirers ) are guilty of an offence if:

(a)  the acquirers acquire any shares in the Exchange, or enter into a relevant agreement to acquire shares in the Exchange; and

(b)  the acquisition has the result that:

(i) a person who was not previously entitled to more than 5% of the voting shares in the Exchange becomes entitled to more than 5% of the voting shares in the Exchange; or

(ii) a person who was previously entitled to more than 5% of the voting shares in the Exchange becomes entitled to a greater percentage of the voting shares in the Exchange; and

(c)  the acquirers knew the acquisition would have that result, or were reckless as to whether the acquisition would have that result.

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History

S 766F inserted by No 199 of 1997, Sch 1 (effective 16 December 1997).

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