Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)
Schedule 3 Rationalisation of ending ASIC instruments
Part 1 Voting control limits for proposed licensed trustee companies
Division 1 Amendments
Corporations Act 2001
16 Paragraph 601VBF(1)(a)
Omit all the words after "the Minister is satisfied that", substitute:
: (i) in the case of a licensed trustee company - it would be in the interests of that company and its clients for the approval to be revoked; or
(ii) in the case of a proposed licensed trustee company - it would be in the interests of that company and its clients for the approval to be revoked were that company a licensed trustee company.
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