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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 401
Restrictions on investments of investment companies
401. (1) An investment company shall not invest an amount in a body corporate
if that amount, or the sum of that amount and amounts previously invested by
it in that body corporate and still so invested, exceeds an amount equivalent
to 10% of the net tangible assets of the investment company.
(2) An investment company shall not hold more than 5% of the subscribed
ordinary share capital of a body corporate.
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