Document ID: chunk:federal_register_of_legislation:C2025C00185:section:671b:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 671B (pt 1/3)
Character Range: 2669836–2672464

671B  Information about substantial holdings must be given to company, responsible entity, fund operator and relevant market operator

Requirement to give information
 (1) A person must give the information referred to in subsection (3) to a listed company, or the responsible entity for a listed registered scheme, or the operator of a listed notified foreign passport fund in accordance with this section, if:
 (a) the person begins to have, or ceases to have, a substantial holding in the company, scheme or fund; or
 (b) the person has a substantial holding in the company, scheme or fund and there is a movement of at least 1% in their holding; or
 (c) the person makes a takeover bid for securities of the company or scheme.
The person must also give the information to each relevant market operator.
Note 1: Section 9 defines substantial holding and associate.
Note 2: The information must be given even if the situation changes by the time the information is to be given.
Note 3: Paragraph (c) does not apply in relation to a notified foreign passport fund.
 (2) For the purposes of this section, there is a movement of at least 1% in a person's holding if the percentage worked out using the following formula increases or decreases by 1 or more percentage points from the percentage they last disclosed under this Part in relation to the company, scheme or fund:
where:
person's and associates' votes is the total number of votes attached to all the voting shares in the company, interests in the scheme or interests in the fund (if any) that the person or an associate has a relevant interest in.
total votes in company, scheme or fund is the total number of votes attached to all voting shares in the company, interests in the scheme or interests in the fund.
Note: Subsection (7) expands the normal concept of relevant interest to take account of market traded options and conditional agreements.

Information that must be given
 (3) The information to be given is:
 (a) the person's name and address; and
 (b) details of their relevant interest in:
 (i) voting shares in the company; or
 (ii) interests in the scheme; or
 (iii) interests in the fund; and
 (c) details of any relevant agreement through which they would have a relevant interest in:
 (i) voting shares in the company; or
 (ii) interests in the scheme; or
 (iii) interests in the fund; and
 (d) the name of each associate who has a relevant interest in voting shares in the company, interests in the scheme or interests in the fund, together with details of:
 (i) the nature of their association with the associate; and
 (ii) the relevant interest of