Western Australian Current Acts

CASINO (BURSWOOD ISLAND) AGREEMENT ACT 1985 - SECT 13

13 .         Certain shareholders to be approved by the Commission

        (1)         A person must not have a relevant interest in more than 10% of the voting shares of an approved company unless the person holds a probity approval notice issued —

            (a)         within 90 days before; or

            (b)         within 90 days after,

                the day on which the person becomes the holder of a relevant interest in more than 10% of the shares.

        (2)         The Commission may extend the period in subsection (1)(b) before it expires.

        (3)         If the Commission extends the period in subsection (1)(b) it must promptly notify the approved company of the fact.

        (4)         A contravention of subsection (1) is not an offence.

        [Section 13 inserted: No. 51 of 2003 s. 7.]