Document ID: chunk:federal_register_of_legislation:C2004A03309:body:0:p18
Version: federal_register_of_legislation:C2004A03309
Segment Type: other
Provision Reference: 
Character Range: 41391–43995

person, in voting shares in the company.
"(11) For the purposes of sub-section (10), but without limiting the generality of that sub-section, where a person acquires, or disposes of, voting shares in a company, a change in the relevant interest or relevant interests of the person in voting shares in the company shall be deemed to occur.
"(12) For the purposes of this Division—
(a) a person who becomes required to give a notice under sub-section 137 (1) shall be taken to have become, at the time when the person became a substantial shareholder in the company, required to give a substantial shareholding notice to the company;
(b) a person who becomes required to give a notice under sub-section 138 (1) of this Act as in force after the commencement of Part III of the Companies and Securities Legislation Amendment Act 1986 shall be taken to have become, immediately after the change referred to in paragraph 138 (1) (a) of this Act as so in force, required to give a substantial shareholding notice to the company; and
(c) a person who became required to give a notice under sub-section 138 (1) of this Act as in force at any time before the commencement

of that Part shall be taken to have become, immediately after the change first referred to in that sub-section as so in force, required to give a substantial shareholding notice to the company.".
15. Sections 138 and 139 of the Principal Act are repealed and the following sections are substituted:

Substantial shareholder to notify company of changes in interests
"138. (1) Where—
(a) there occurs at a particular time a notifiable change in the entitlement of a person to shares in a company;
(b) immediately before the change, the person was a substantial shareholder in the company; and
(c) immediately after the change, the person is a substantial shareholder in the company and is entitled to a percentage of the shares included in a class of voting shares in the company, being a percentage that is greater than, or less than, by 1% of the shares included in that class, the percentage of the shares included in that class to which the person was entitled at the time (in this sub-section referred to as the 'relevant time') when the person last became required to give a substantial shareholding notice to the company,
the person shall give to the company a notice in the prescribed form that—
(d) sets out the person's name;
(e) sets out, in relation to each notifiable change in the entitlement of the person to shares in the company (not being a prescribed change) that occurred during the period commencing at the relevant time