Document ID: chunk:federal_register_of_legislation:C2004A03231:body:0:p33
Version: federal_register_of_legislation:C2004A03231
Segment Type: other
Provision Reference: 
Character Range: 82368–85196

at the end the following sub-section:
"(6) In determining, for the purposes of a provision of this Division, whether or not a person's contravention of such a provision was due to the person's inadvertence or mistake or to the person not being aware of a relevant fact or occurrence, a person's ignorance of, or a mistake on the person's part concerning, a matter of law shall be disregarded.".

Substantial shareholdings and substantial shareholders
56. Section 136 of the Principal Act is amended—
     (a) by inserting in sub-section (2) "(in this sub-section referred to as the 'relevant person'), being the company or any other person," after "a person";
     (b) by omitting from sub-section (2) "that person" (wherever occurring) and substituting "the relevant person";
     (c) by omitting from paragraph (2) (b) "of a person being" and substituting "where the relevant person is";
     (d) by omitting from paragraph (3) (b) "company—a person" and substituting "company (including, in a case where the first-mentioned person is a company, the first-mentioned person)—a person (in this paragraph referred to as the 'relevant associate'), being the company or any other person,"; and
     (e) by omitting sub-paragraphs (3) (b) (i), (ii) and (iii) and substituting the following sub-paragraphs:
         "(i) by reason of which the relevant associate, or the first-mentioned person, may exercise, may directly or indirectly control the

         exercise of, or may substantially influence the exercise of, any voting power attached to a share in the company;
         (ii) with a view to controlling or influencing the composition of the board of directors, or the conduct of affairs, of the company;
         (iii) under which the relevant associate may acquire from the first-mentioned person, or the first-mentioned person may acquire from the relevant associate, shares in the company; or
         (iv) under which the relevant associate, or the first-mentioned person, may be required to dispose of shares in the company in accordance with the directions of the first-mentioned person, or of the relevant associate, as the case may be;".

57. Section 141 of the Principal Act is repealed and the following section is substituted:

Copy of notice to be served on securities exchanges
"141. (1) A person who gives a notice under section 137, 138 or 139 to a company that has been admitted to the official list of a securities exchange in Australia and has not been removed from that official list, shall on the day on which the person gives the notice, serve a copy of the notice on—
     (a) if the company has been admitted to the official list of a stock exchange in Australia and has not been removed from that official list—the home stock exchange of the company; and
     (b) if the company has been admitted to