Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_1705k
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 1705K
Character Range: 320648–321342

1705K  Transitional—pre‑commencement approvals granted for preservation of voting power
 (1) This section applies to an approval to hold a particular percentage of voting power in a body corporate if the approval:
 (a) was in force immediately before the commencement time; and
 (b) was taken to be granted under section 851B because of the operation of section 851I as in force at that time.
 (2) The approval continues in force (and may be dealt with) at and after the commencement time as if the approval were granted under section 851B because of the operation of section 851I as amended by Part 3 of the amending Schedule.

Division 5—Approval for control of certain Australian licensees