Statute
Section 851A — Corporations Act 2001: Application for approval to exceed 20% voting power limit
Text of the provision Official document
(1) A person may apply for approval to have voting power of more than 20% in a particular widely held market body (other than the ASX Limited) by lodging with ASIC an application that: (a) specifies the percentage of voting power (if any) the person currently has in the widely held market body; and (b) specifies the percentage of voting power the person is seeking approval to have in the body; and (c) sets out the person’s reasons for making the application. Note: For fees in respect of lodging applications, see Part 9.10. (2) ASIC must give the application to the Minister as soon as possible.
Official source: Federal Register of Legislation
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