Section 852DG — Corporations Act 2001: Application for approval to exceed 20% voting power limit

A person may apply for approval to have voting power of more than 20% in a particular controlled Australian financial body by lodging with ASIC an application in the prescribed form that sets out: (a) the percentage of voting power (if any) the person currently has in the body; and (b) the percentage of voting power the person is seeking approval to have in the body; and (c) the period (whether indefinite or not) the person is seeking the approval for; and (d) the person’s reasons for making the application. Note 1: For fees in respect of lodging applications, see Part 9.10. Note 2: For applications to vary an approved percentage, see section 852DM.