Commonwealth Numbered Acts

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Matters relating to voting shares

(1) If the associate reference relates to:

the extent of a power to exercise, or to control the exercise of, the voting power attached to voting shares in a body corporate; or

the primary person's voting power in a body corporate; or

a takeover bid for securities in a body corporate;

it includes a reference to a person with whom the primary person has, or proposes to enter into, a relevant agreement:

because of which one of those persons has or will have power (even if it is in any way qualified):

to exercise; or
to control, directly or indirectly, the exercise of; or
to influence substantially the exercise of;
any voting power attached to shares in the body;

for the purpose of controlling or influencing:

the composition of the body's board; or
the conduct of affairs of the body;
under which one of those persons:

will or may acquire; or
may be required by the other to acquire;
shares in the body in which the other has a relevant interest; or

under which one of those persons may be required to dispose of shares in the body in accordance with the other's directions;

whatever other effect the relevant agreement may have.

(2) In relation to a matter relating to shares in a body corporate, a person may be an associate of the body and the body may be an associate of a person.

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