Document ID: chunk:federal_register_of_legislation:C2010C00685:clause:5_43
Version: federal_register_of_legislation:C2010C00685
Segment Type: clause
Provision Reference: sch 5 cl 43
Character Range: 105781–106983

43  Subsection 995‑1(1) (definition of listed public company)
Repeal the definition, substitute:

listed public company means a company *shares in which (except shares that carry a right to a fixed rate of *dividend) are listed for quotation in the official list of an *approved stock exchange. However, a company is not a listed public company if:
 (a) a person (who is not a company) controls, or is able to control, or up to 20 persons (none of them companies) between them control, or are able to control, 75% or more of the voting power in the company (whether directly, or indirectly through one or more interposed entities); or
 (b) a person (who is not a company) has, or up to 20 persons (none of them companies) have between them, the right to receive for their own benefit (whether directly, or *indirectly through one or more interposed entities) 75% or more of any *dividends that the company may pay; or
 (c) a person (who is not a company) has, or up to 20 persons (none of them companies) have between them, the right to receive for their own benefit (whether directly, or *indirectly through one or more interposed entities) 75% or more of any distribution of capital of the company.