Ch 5D inserted by No 108 of 2009, Sch 2 (effective 6 May 2010).
SECTION 601VBB APPROVAL OF APPLICATION
601VBB(1) [Minister may grant application]
601VBB(2) [Minister approval notice]
(a) give written notice of the approval to the applicant; and
(b) specify the percentage of the voting power the Minister approves the applicant having in the licensed trustee company (which may or may not be the percentage the applicant applied for); and
(i) specify the period during which the approval remains in force; or
(ii) specify that the approval remains in force indefinitely.
601VBB(3) [Notice of refusal]
601VBB(4) [Approval to be published and given to company]
(a) published in the Gazette; and
(b) given to the licensed trustee company concerned.
S 601VBB inserted by No 108 of 2009, Sch 2 (effective 6 May 2010).