Acquisitions of shares
If: (a) a person, or 2 or more persons under an arrangement, acquire shares in a body corporate; and (b) the acquisition has the result, in relation to a licensed trustee company, that: (i) an unacceptable control situation comes into existence in relation to the trustee company and in relation to a person; or (ii) if an unacceptable control situation already exists in relation to the trustee company and in relation to a person—there is an increase in the voting power of the person in the trustee company; the person or persons mentioned in paragraph (a) contravene this section. Note: A contravention of this section is an offence (see subsection 1311(1)).
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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