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As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use " inserted " and references to the former provisions have been removed.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 1A - Limit on control of certain Australian licensees that are not widely held market bodies  

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Div 1A inserted by No 87 of 2024, s 3, Sch 2[42] (effective 24 September 2024).

Subdivision C - Approvals to exceed 20% voting power limit  

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History

Subdiv C inserted by No 87 of 2024, s 3, Sch 2[42] (effective 24 September 2024).

SECTION 852DG  

852DG   APPLICATION FOR APPROVAL TO EXCEED 20% VOTING POWER LIMIT  

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A person may apply for approval to have voting power of more than 20% in a particular controlled Australian financial body by lodging with ASIC an application in the prescribed form that sets out:

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

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

(c)    the period (whether indefinite or not) the person is seeking the approval for; and

(d)    the person ' s reasons for making the application.

Note 1: For fees in respect of lodging applications, see Part 9.10 .

Note 2: For applications to vary an approved percentage, see section 852DM .

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History

S 852DG inserted by No 87 of 2024, s 3, Sch 2[42] (effective 24 September 2024).

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