CORPORATIONS ACT 2001 No. 50, 2001 - SECT 672B Disclosure by member of relevant interests and

Commonwealth Numbered Acts

Disclosure by member of relevant interests and instructions

(1) A person given a direction under section 672A must disclose to the person giving the direction:

(a): full details of their own relevant interest in the shares or interests in the scheme and of the circumstances that give rise to that interest; and
(b): the name and address of each other person who has a relevant interest in any of the shares or interests together with full details of:

(c): the name and address of each person who has given the person instructions about:

(i): the acquisition or disposal of the shares or interests; or
(ii): the exercise of any voting or other rights attached to the shares or interests; or
(iii): any other matter relating to the shares or interests;

together with full details of those instructions (including the date or dates on which they were given).

A matter referred to in paragraph (b) or (c) need only be disclosed to the extent to which it is known to the person required to make the disclosure.

(2) The disclosure must be made within 2 business days after:

(a): the person is given the direction; or
(b): if the person applies for an exemption under section 673 from the obligation to make the disclosure and ASIC refuses to grant the exemption—ASIC notifies the person of its decision on the application; or
(c): if the direction is given by a company or responsible entity—the company or responsible entity pays any fee payable under the regulations made for the purposes of section 672D.

(3) The person does not have to comply with a direction given by the company or the responsible entity if the person proves that the giving of the direction is vexatious.

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