Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 30

30. (1) This section applies for the purposes of this Division.

(2) Power to vote in respect of a share is power to exercise, or to control
the exercise of, the right to vote attached to the share.

(3) A reference to power to dispose of a share includes a reference to power
to exercise control over the disposal of the share.

(4) A reference to power or control includes a reference to power or control
that is direct or indirect or is, or can be, exercised as a result of, by
means of, in breach of, or by revocation of, trusts, relevant agreements and
practices, or any of them, whether or not they are enforceable.

(5) Power to vote in respect of a share, or power to dispose of a share, that
is exercisable by 2 or more persons jointly shall be deemed to be exercisable
by either or any of those persons.

(6) A reference to a controlling interest includes a reference to an interest
that gives control.

(7) A reference to the prescribed percentage is a reference to:

   (a)  if a percentage less than 20% is prescribed for the purposes of
        section  615 -the percentage so prescribed; or

   (b)  otherwise-20%.