Victorian Current Acts

DUTIES ACT 2000 - SECT 94

    (1)     If—

        (a)     a person becomes entitled to at least 50% of the voting shares of a company by means of capital reduction or rights alteration, or both; or

        (b)     a person who is entitled to at least 50% of the voting shares of a company becomes entitled to at least 10% more of the voting shares over a period of not more than 12 months by means of capital reduction or rights alteration, or both—

the person must lodge a statement with the Commissioner in respect of the entitlement.

    (2)     The statement must be lodged within 3 months after the entitlement arises.

S. 94(3) inserted by No. 48/2001 s. 6(2), amended by No. 29/2002 s. 5.

    (3)     A statement is not required to be lodged under this section in respect of an entitlement that arises on or after 1 July 2002.