Document ID: chunk:federal_register_of_legislation:C2018A00061:clause:2_47
Version: federal_register_of_legislation:C2018A00061
Segment Type: clause
Provision Reference: sch 2 cl 47
Character Range: 80792–81731

47  Section 9 (definition of substantial holding)
Repeal the definition, substitute:
substantial holding: a person has a substantial holding in a body corporate, listed registered scheme or listed notified foreign passport fund, if:
 (a) the total votes attached to voting shares in the body or voting interests in the scheme or fund, in which they or their associates:
 (i) have relevant interests; and
 (ii) would have a relevant interest but for subsection 609(6) (market traded options) or 609(7) (conditional agreements);
  is 5% or more of the total number of votes attached to voting shares in the body or interests in the scheme or fund; or
 (b) the person has made a takeover bid for voting shares in the body or voting interests in the scheme, and the bid period has started and not yet ended.
Note 1: For relevant interest, see section 608.
Note 2: Paragraph (b) does not apply in relation to a notified foreign passport fund.