Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 619

619. (1) Section 615 does not:

   (a)  prohibit the acquisition of shares in a company that does not have
        more than 15 members; or

   (b)  prohibit the acquisition of shares in a proprietary company that has
        more than 15 members where the members of the company have consented
        in writing to the provisions of this Chapter not applying with respect
        to the acquisition; if the acquisition would not result in a
        contravention of section  615 in relation to the acquisition of shares
        in another company.

(2) For the purposes of subsection (1), 2 or more persons holding jointly
shares in a company shall be deemed to be one member of the company.