Treasury Laws Amendment (Financial Sector Regulation) Act 2018 (142 of 2018)
Schedule 1 Restrictions on shareholdings
Part 2 Application and transitional provisions
51 Transitional - pending application for approval to hold a stake of more than 15% but not more than 20%
(1) This item applies to an application under section 13 of the Financial Sector (Shareholdings) Act 1998 that:
(a) was made before the commencement of this item; and
(b) is seeking approval to hold a stake of more than 15%, but not more than 20%, in a financial sector company; and
(c) is pending immediately before the commencement of this item.
(2) On the commencement of this item, the application is taken never to have been made.
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