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StatuteCorporations Act 2001

Section 853B — Corporations Act 2001: Meaning of involved—in some licensees or applicants for a licence

Text of the provision Official document

An individual is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee, or an applicant for such a licence, if: (a) the individual is a director, secretary or senior manager of the licensee or applicant, or in a holding company of the licensee or applicant; or (b) the individual has more than 20% of the total voting power in the licensee or applicant, or in a holding company of the licensee or applicant.

Official source: Federal Register of Legislation

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