Corporations Act 2001
View history note
Hide history noteA person may apply for approval to have voting power of more than 15 % in a particular licensed trustee company or proposed licensed trustee company by lodging with ASIC an application that: (a) specifies the percentage of voting power (if any) the person currently has in the company; and (b) specifies the percentage of voting power the person is seeking approval to have in the company; and (c) sets out the person ' s reasons for making the application.
Note: For fees in respect of lodging applications, see Part 9.10 .
601VBA(2)
ASIC must give the application to the Minister as soon as possible.
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