New South Wales Consolidated Acts

DUTIES ACT 1997 - SECT 129

129 Entitlement to voting shares arising from capital reduction or rights alteration

(1) If--

(a) a person becomes entitled to at least 50% of the voting shares of a company by means of capital reduction or rights alteration, or both, or

(b) a person who is entitled to at least 50% of the voting shares of a company becomes entitled to at least 10% more of the voting shares over a period of not more than 12 months by means of capital reduction or rights alteration, or both,

the person must lodge a statement with the Chief Commissioner in respect of the entitlement.

(2) The statement must be lodged within 3 months after the entitlement arises.