Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 692

692. (1) Where:

   (a)  during a relevant period in relation to a listed company, a person
        becomes entitled or ceases to be entitled to voting shares in the
        company at a time when the person is a prescribed person in relation
        to that period because of paragraph 688 (1) (b);

   (b)  the number of voting shares in the company to which the person is
        entitled immediately after becoming entitled or ceasing to be entitled
        to the first-mentioned shares:

        (i)    is greater or less than the number of voting shares in the
               company to which the person was entitled when the person last
               served a notice under this Division in relation to the company
               during that period or, if the person has not previously served
               a notice during that period, the number of voting shares in the
               company to which the person was entitled at the start of that
               period; and

        (ii)   is so greater or less by a number of voting shares that is not
               less than the notifiable percentage of the voting shares in the
               company; and

   (c)  the person has not ceased to be a prescribed person; the person shall
        serve on each notifiable securities exchange in relation to the
        company, before 9.30 a.m. on the next trading day of that securities
        exchange after the day on which the person became entitled or ceased
        to be entitled to those first-mentioned shares, a notice setting out:

   (d)  the notifiable particulars of those first-mentioned shares and of any
        other voting shares in the company to which the person became entitled
        or ceased to be entitled since the person last served a notice under
        this Division in relation to the company during that period or, if the
        person has not previously served a notice during that period, since
        the start of that period; and

   (e)  if the person is entitled to any voting shares in the company when the
        notice is given-the notifiable particulars of those shares.

(2) For the purposes of subparagraph (1) (b) (ii), the notifiable percentage
is:

   (a)  subject to paragraph (b), 1%; or

   (b)  if a lesser percentage is prescribed by regulations in force for the
        time being for the purposes of that subparagraph-that lesser
        percentage.

(3) Where each of 2 or more persons would, but for this subsection, be
required to serve a notice under subsection (1) in relation to the same shares
in a company because each of them has become entitled or each of them has
ceased to be entitled to those shares, it is sufficient compliance with that
subsection if one only of them serves the notice.