Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_851a
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 851A
Character Range: 182453–183150

851A  Application for approval to exceed 15% voting power limit

 (1) A person may apply for approval to have voting power of more than 15% in a particular widely held market body (other than the Australian Stock Exchange Limited) by lodging with ASIC an application that:
 (a) specifies the percentage of voting power (if any) the person currently has in the widely held market body; and
 (b) specifies the percentage of voting power the person is seeking approval to have in the body; and
 (c) sets out the person's reasons for making the application.

Note: For fees in respect of lodging applications, see Part 9.10.

 (2) ASIC must give the application to the Minister as soon as possible.