Statute
Section 852DB — Corporations Act 2001: Meaning of unacceptable control situation
Text of the provision Official document
An unacceptable control situation exists in relation to a controlled Australian financial body and a particular person if the person’s voting power in the body is more than: (a) unless paragraph (b) applies—20%; or (b) if an approval of a higher percentage is in force under Subdivision C for the body and the person—that higher percentage.
Official source: Federal Register of Legislation
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