Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 602A

Meaning of substantial interest

  (1)   A reference in this Chapter to a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme is not to be read as being limited to an interest that is constituted by one or more of the following:

  (a)   a relevant interest in securities in the company, body or scheme;

  (b)   a legal or equitable interest in securities in the company, body or scheme;

  (c)   a power or right in relation to:

  (i)   the company, body or scheme; or

  (ii)   securities in the company, body or scheme.

  (2)   A person does not have a substantial interest in the company, body or scheme for the purposes of this Chapter merely because the person has an interest in, or a relationship with, the company, body or scheme of a kind prescribed by the regulations for the purposes of this subsection.

  (3)   The regulations may provide that an interest of a particular kind is an interest that may constitute a substantial interest in a company, listed body (other than a notified foreign passport fund) or listed registered scheme for the purposes of this Chapter.


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