Document ID: chunk:federal_register_of_legislation:C2019A00040:clause:4_11
Version: federal_register_of_legislation:C2019A00040
Segment Type: clause
Provision Reference: sch 4 cl 11
Character Range: 32165–32937

11  At the end of subsection 133(1)
Add:
 ; or (f) the Regulator has reason to believe that:
 (i) either a person holds a controlling stake in the RSE licensee or a person has practical control of the RSE licensee; and
 (ii) because of the person's control of the RSE licensee, or the way in which that control has been, is or is likely to be exercised, the RSE licensee has been, is or is likely to be unable to satisfy one or more of the trustee's obligations contained in a covenant set out in sections 52 to 53, or prescribed under section 54A; or
 (g) the Regulator has reason to believe that:
 (i) a person holds a controlling stake in an RSE licensee; and
 (ii) the person does not have approval under section 29HD to hold a controlling stake in the RSE licensee.