Application for approval to exceed 20% voting power limit
(1) A person may apply for approval to have voting power of more than 20% in a particular widely held market body (other than the ASX 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.
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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