Document ID: chunk:federal_register_of_legislation:F2024N00475:reg:7
Version: federal_register_of_legislation:F2024N00475
Segment Type: reg
Provision Reference: reg 7
Character Range: 4396–5380

7  Disposal order—Indian Ocean International Shipping and Service Company Limited
 (1) Under subsection 69(2) of the Act, Indian Ocean International Shipping and Service Company Limited, being the foreign person mentioned in subsection (2), is directed to dispose of the following interests, within 60 days from the day on which this section commences, to one or more persons who are not associates of Indian Ocean International Shipping and Service Company Limited:
 (a) interests in 165,035,368 ordinary shares in Northern Minerals, as acquired by Indian Ocean International Shipping and Service Company Limited through brokers, agents, custodians or other similar financial intermediaries, between 12 May 2022 and 14 March 2023.
 (2) For the purposes of subsection (1), Indian Ocean International Shipping and Service Company Limited is the corporation with that name (or a similar name using abbreviations or symbols) and incorporated and registered in the United Arab Emirates.