Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 853B

When an individual is involved in an operator

                   For the purposes of this Division, an individual is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee, or an applicant for such a licence, if:

                     (a)  the individual is a director, secretary or senior manager of the licensee or applicant, or in a holding company of the licensee or applicant; or

                     (b)  the individual has more than 15% of the total voting power in the licensee or applicant, or in a holding company of the licensee or applicant.



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