Commonwealth Repealed Acts

This legislation has been repealed.

CORPORATIONS LAW- SECT 205G

Listed company—director to notify securities exchange of shareholdings etc.

 
Notifiable interests
 
 
(1)
A director of a
listed public company must notify the relevant securities exchange under
subsections (3) and (4) of the following interests of the director: 

 
 
(a)
relevant interests in
securities of the company or a related body corporate

(b)
contracts: 

 
 
(i)
to
which the director is a party or under which the director is entitled to a
benefit; and

(ii)
that confer a right to call for or deliver shares in, debentures
of, or interests in a collective investment scheme made available by, the
company or a related body corporate. 

 
 
(2)
A notice of a relevant interest in
securities under paragraph (1)(a) must give details of: 
 
 
 
(a)
the number of securities;
and

(b)
the circumstances giving rise to the relevant interest.


 
Occasions for initial notification
 

(3)
The director must notify the exchange within 14 days after each
of the following occasions: 
 
 

(a)
appointment as a director of the company 

(b)
the listing of the company. 

 
Paragraph (a) does not apply to a director who retires and is
then reappointed at the same meeting.
 
Updating notices
 
 
(4)
The director must notify the exchange within 14 days
after any change in the director's interests.


(5)
The director need not give the information to the exchange under
this section if the director has already given the information to the
exchange. 
 
 
ASIC's power to make class orders
 

(6)
ASIC may make an order in writing relieving a director of the
obligation to notify the relevant securities exchange of an interest in a
security or contract. The order may be made in respect of a specified class of
companies, directors, securities or contracts.


(7)
The order may be expressed to be subject to conditions.


(8)
Notice of the making, revocation or suspension of the order must
be published in the Gazette.