Meaning of unacceptable control situation
An unacceptable control situation exists in relation to a controlled Australian financial body and a particular person if the person’s voting power in the body is more than: (a) unless paragraph (b) applies—20%; or (b) if an approval of a higher percentage is in force under Subdivision C for the body and the person—that higher percentage.
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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