Commonwealth Consolidated Acts Commonwealth Consolidated ActsA 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.