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StatuteCorporations Act 2001

Section 602A — Corporations Act 2001: Meaning of substantial interest

Text of the provision Official document

(1) A reference in this Chapter to a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme is not to be read as being limited to an interest that is constituted by one or more of the following: (a) a relevant interest in securities in the company, body or scheme; (b) a legal or equitable interest in securities in the company, body or scheme; (c) a power or right in relation to: (i) the company, body or scheme; or (ii) securities in the company, body or scheme. (2) A person does not have a substantial interest in the company, body or scheme for the purposes of this Chapter merely because the person has an interest in, or a relationship with, the company, body or scheme of a kind prescribed by the regulations for the purposes of this subsection. (3) The regulations may provide that an interest of a particular kind is an interest that may constitute a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme for the purposes of this Chapter.

Official source: Federal Register of Legislation

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Statutory text from an official public source. Informational content — does not replace advice from a qualified legal practitioner.