Document ID: chunk:federal_register_of_legislation:C2020C00315:section:13
Version: federal_register_of_legislation:C2020C00315
Segment Type: section
Provision Reference: s 13
Character Range: 12905–13711

13  Application for approval to exceed 20% shareholding limit
 (1) A person may apply to the Treasurer for approval to hold a stake in a particular financial sector company of more than 20%.
 (1A) The application may be in relation to a company that is not a financial sector company at the time the application is made.
 (2) The application must:
 (aa) specify whether the applicant is seeking for the approval to be granted on the basis of either paragraph 14(1)(a) or (b); and
 (a) specify the percentage of the stake (if any) the person currently holds in the company concerned; and
 (b) specify the percentage of the stake the person is seeking approval to hold in the company; and
 (c) set out the person's reasons for making the application; and
 (d) be accompanied by the prescribed fee (if any).