Document ID: chunk:federal_register_of_legislation:F2023C00489:reg:10
Version: federal_register_of_legislation:F2023C00489
Segment Type: reg
Provision Reference: reg 10
Character Range: 15358–16079

10  Additional information—beneficial ownership
 (1) A request to open a Registry account that is made by a person who is a proprietary or private company must include the name and address of any beneficial owner.
 (2) However, subregulation (1) does not apply to a proprietary company if the company is:
 (a) a publicly listed company in Australia, or a wholly owned subsidiary of such a company; or
 (b) licensed and subject to the regulatory oversight of a Commonwealth statutory regulator in relation to its activities as a company.
 (5) For this regulation:
beneficial owner, in relation to a company, means an individual who owns, through one or more share holdings, over 25% of the issued capital in the company.