Document ID: chunk:federal_register_of_legislation:C2018A00142:clause:1_51
Version: federal_register_of_legislation:C2018A00142
Segment Type: clause
Provision Reference: sch 1 cl 51
Character Range: 25092–25637

51  Transitional—pending application for approval to hold a stake of more than 15% but not more than 20%
(1) This item applies to an application under section 13 of the Financial Sector (Shareholdings) Act 1998 that:
 (a) was made before the commencement of this item; and
 (b) is seeking approval to hold a stake of more than 15%, but not more than 20%, in a financial sector company; and
 (c) is pending immediately before the commencement of this item.
(2) On the commencement of this item, the application is taken never to have been made.