Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

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Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

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History

Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).

Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.

PART 7.4 - LIMITS ON INVOLVEMENT WITH LICENSEES  

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Division 1 - Limit on control of certain licensees  

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Subdivision B - Approval to exceed 20% voting power limit  

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History

Subdiv B heading amended by No 87 of 2024, s 3, Sch 2[47] (effective 24 September 2024).

SECTION 851A   APPLICATION FOR APPROVAL TO EXCEED 20% VOTING POWER LIMIT  

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851A(1)    

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A person may apply for approval to have voting power of more than 20% in a particular widely held market body (other than the ASX Limited) by lodging with ASIC an application that:

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

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

(c)    sets out the person ' s reasons for making the application.

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

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History

S 851A(1) amended by No 87 of 2024, s 3, Sch 2[49] (effective 24 September 2024).

S 851A(1) amended by No 87 of 2024, s 3, Sch 5[6B] (effective 18 September 2024).

851A(2)    
ASIC must give the application to the Minister as soon as possible.

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History

S 851A inserted by No 122 of 2001, s 3, Sch 1, Pt 1 [ 1].

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