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
8 Subsection 601VBC(4)
Omit all the words after "the Minister is satisfied that", substitute:
: (a) in the case of a licensed trustee company - it would be in the interests of that company and its clients for the application to be granted; or
(b) in the case of a proposed licensed trustee company - it would be in the interests of that company and its clients for the application to be granted were that company a licensed trustee company.
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