Corporations Act 2001
View history note
Hide history noteAn unacceptable control situation exists in relation to: (a) a licensed trustee company and in relation to a particular person; or (b) a proposed licensed trustee company and in relation to a particular person;
if the person ' s voting power in the company is more than:
(c) 15%; or (d if an approval of a higher percentage is in force under Division 2 in relation to the company and in relation to the person - that higher percentage.
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