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CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS  

SECTION 602A  SUBSTANTIAL INTEREST CONCEPT  

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602A(1)  [What substantial interest not limited by]  


A reference in this Chapter to a substantial interest in a company, listed body or listed managed investment scheme is not to be read as being limited to an interest that is constituted by one or more of the following:


(a) a relevant interest in securities in the company, body or scheme;


(b) a legal or equitable interest in securities in the company, body or scheme;


(c) a power or right in relation to:


(i) the company, body or scheme; or

(ii) securities in the company, body or scheme.

602A(2)  [Not merely an interest or relationship]  


A person does not have a substantial interest in the company, body or scheme for the purposes of this Chapter merely because the person has an interest in, or a relationship with, the company, body or scheme of a kind prescribed by the regulations for the purposes of this subsection.

602A(3)  [Regulations may provide]  


The regulations may provide that an interest of a particular kind is an interest that may constitute a substantial interest in a company, listed body or listed managed investment scheme for the purposes of this Chapter.


 



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