Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 710

710. (1) Where:

   (a)  there occurs at a particular time a notifiable change in the
        entitlement of a person to shares in a company that is a corporation;

   (b)  immediately before the change, the person was a substantial
        shareholder in the company; and

   (c)  immediately after the change, the person is a substantial shareholder
        in the company and is entitled to a percentage of the shares in a
        class of voting shares in the company that is greater than, or less
        than, by 1% or more of the shares in that class, the percentage of the
        shares in that class to which the person was entitled at the time (in
        this section called the

"relevant time") when the person last became required to give a substantial
shareholding notice to the company; the person shall give a notice to the
company in accordance with this section.

(2) Where:

   (a)  there occurs at a particular time a notifiable change in the
        entitlement of a corporation to shares in a company that is not a
        corporation;

   (b)  immediately before the change, the corporation was a substantial
        shareholder in the company; and

   (c)  immediately after the change, the corporation is a substantial
        shareholder in the company and is entitled to a percentage of the
        shares in a class of voting shares in the company that is greater
        than, or less than, by 1% or more of the shares in that class, the
        percentage of the shares in that class to which the person was
        entitled at the time (in this section also
called the "relevant time") when the corporation last became required to give
a substantial shareholding notice to the company; the corporation shall give a
notice to the company in accordance with this section.

(3) A notice by a person under subsection (1) or (2) shall:

   (a)  be in such form (if any) as is prescribed;

   (b)  set out the person's name;

   (c)  set out, in relation to each notifiable change in the entitlement of
        the person to shares in the company (not being a prescribed change)
        that occurred during the period beginning at the relevant time and
        ending immediately after the time referred to in paragraph (1) (a) or
        (2) (a), as the case may be:

        (i)    whether the change was a change in a relevant interest or
               relevant interests of an associate of the person and, if so,
               the name of the associate;

        (ii)   the date of the change and the prescribed particulars of the
               change; and

        (iii)  the prescribed particulars of any agreement, or any other
               circumstances, because of which the change occurred; and

   (d)  be accompanied by the prescribed documents.

(4) A person required to give a notice under subsection (1) or (2) shall give
the notice before the end of 2 business days after the day on which that
person becomes aware of the change referred to in paragraph (1) (a) or (2)
(a), as the case may be.