Application for approval to exceed 20% voting power limit
A person may apply for approval to have voting power of more than 20% in a particular controlled Australian financial body by lodging with ASIC an application in the prescribed form that sets out: (a) the percentage of voting power (if any) the person currently has in the body; and (b) the percentage of voting power the person is seeking approval to have in the body; and (c) the period (whether indefinite or not) the person is seeking the approval for; and (d) the person’s reasons for making the application. Note 1: For fees in respect of lodging applications, see Part 9.10. Note 2: For applications to vary an approved percentage, see section 852DM.
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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