Commonwealth Numbered Acts

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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 38

Exclusions: money-lenders
38. A relevant interest of a person in a share shall be disregarded if the
person's ordinary business includes lending money and the person has authority
to exercise powers as the holder of the relevant interest only because of a
security given for the purposes of a transaction entered into in the ordinary
course of business in connection with lending money, other than a transaction
entered into with an associate of the person. 


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