Australian Capital Territory Numbered Acts

DUTIES ACT 1999 (NO. 7 OF 1999) - SECT 100

(1)     If—

        (a)     a person becomes entitled to at least 50% of the voting shares of a company by means of capital reduction or rights alteration, or both; or

        (b)     a person who is entitled to at least 50% of the voting shares of a company becomes entitled to at least 10% more of the voting shares over a period of not more than 12 months by means of capital reduction or rights alteration, or both;

the person shall lodge a statement with the Commissioner in respect of the entitlement.

(2)     The statement shall be lodged within 90 days after the entitlement arises.