Queensland Numbered Acts

QUEEN'S WHARF BRISBANE ACT 2016 - SECT 28

28 Notice requirements relating to other relevant entities

(1) If a person’s voting power in a relevant entity other than a relevant entity mentioned in section 27(2) is more than 10% but not more than 20%, the person must give the relevant entity written notice, in the approved form, within 5 business days after the person’s voting power first exceeds 10%.

Penalty—

Maximum penalty—40 penalty units.

(2) If the relevant entity is aware the person’s voting power is more than 10%, the relevant entity must, within the period mentioned in subsection (3), give the Minister written notice of that fact in the approved form.

Penalty—

Maximum penalty—40 penalty units.

(3) For subsection (2), the period is 10 business days after the earlier of the following events—

(a) the relevant entity receives notice of the person’s voting power under subsection (1);

(b) the relevant entity otherwise becomes aware the person’s voting power is more than 10%.