Queensland Numbered Acts

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QUEEN'S WHARF BRISBANE ACT 2016 - SECT 20

Voting power

20 Voting power

(1) This section applies to a person’s voting power in any of the following relevant entities—
(a) the licensee or IR Holdco;
(b) any other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust;
(c) the IR Holding Trust or IR Operating Trust.
(2) The person’s voting power in the relevant entity must not, without the required approval, be—
(a) more than 5% but not more than 10%; or
(b) more than 10% but not more than 20%; or
(c) more than 20%.
(3) The required approval must be given by—
(a) for subsection (2)(a)—the Minister; or
(b) for subsection (2)(b) or (c)—the Governor in Council.
(4) If a person has voting power in more than 1 relevant entity mentioned in subsection (1), the person must comply with subsection (2) in relation to each of the entities.



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