Document ID: chunk:federal_register_of_legislation:C2025C00185:section:601vab
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 601VAB
Character Range: 2382073–2382774

601VAB  Acquisitions of shares
  If:
 (a) a person, or 2 or more persons under an arrangement, acquire shares in a body corporate; and
 (b) the acquisition has the result, in relation to a licensed trustee company, that:
 (i) an unacceptable control situation comes into existence in relation to the trustee company and in relation to a person; or
 (ii) if an unacceptable control situation already exists in relation to the trustee company and in relation to a person—there is an increase in the voting power of the person in the trustee company;
the person or persons mentioned in paragraph (a) contravene this section.
Note: A contravention of this section is an offence (see subsection 1311(1)).