Document ID: chunk:federal_register_of_legislation:C2020A00064:clause:3_173
Version: federal_register_of_legislation:C2020A00064
Segment Type: clause
Provision Reference: sch 3 cl 173
Character Range: 59248–59847

173  After subsection 14(1)
Insert:
 (1A) The instrument of approval must:
 (a) specify the percentage of the stake the Treasurer approves the applicant holding in the company (which may or may not be the percentage the applicant applied for); and
 (b) if the application is granted under paragraph (1)(a)—either:
 (i) specify the period during which the approval remains in force; or
 (ii) specify that the approval remains in force indefinitely; and
 (c) if the application is granted under paragraph (1)(b)—specify that the approval remains in force for the period worked out under section 15A.