Document ID: chunk:federal_register_of_legislation:C2004A00700:clause:1_73a
Version: federal_register_of_legislation:C2004A00700
Segment Type: clause
Provision Reference: sch 1 cl 73A
Character Range: 21349–22576

73A  Additional licence under section 38B not to result in breach of ownership limits

 (1) If an additional licence has been allocated under subsection 38B(6), (7), (8) or (9) to the holder of an existing licence, the existing licence and additional licence are to be treated, for the purposes of this Part, as being only one licence.

 (2) Subsection (1) does not apply to the licences at any time after either of the licences is first held by a different person (whether or not it continues to be held by a different person).

 (3) If an additional licence has been allocated under subsection 38B(5) to a company, then, while:
 (a) the company remains:
 (i) the holder of the additional licence; and
 (ii) partly owned by another company that was the holder of one of the existing licences at the time of the allocation; and
 (b) the other company remains the holder of the existing licence;
the existing licence and the additional licence are to be treated, for the purposes of this Part, as being only one licence.

 (4) For the purposes of this section, a company (the first company) is partly owned by another company if, and only if, at least one share in the first company is beneficially owned by the other company.