{"id":"qld:sl-2016-0062","name":"Queen's Wharf Brisbane Regulation 2016","slug":"queen-s-wharf-brisbane-regulation-2016","collection":"regulation","jurisdiction":"qld","status":"in_force","isInForce":true,"actNumber":"62 of 2016","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":175052,"registerId":"qld-qld:sl-2016-0062-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"pt.1","sectionType":"part","heading":"Preliminary","content":"# Preliminary","sortOrder":0},{"sectionNumber":"sec.1","sectionType":"section","heading":"Short title","content":"### sec.1 Short title\n\nThis regulation may be cited as the Queen's Wharf Brisbane Regulation 2016 .","sortOrder":1},{"sectionNumber":"sec.2","sectionType":"section","heading":"Commencement","content":"### sec.2 Commencement\n\nThis regulation commences on 27 May 2016.","sortOrder":2},{"sectionNumber":"sec.3","sectionType":"section","heading":"Interpretation","content":"### sec.3 Interpretation\n\nIn this regulation—\ncontrol has the meaning given by section 50AA of the Corporations Act .\nnotice requirement percentage , in relation to voting interests in a relevant entity held by a person, means—\nthe lower percentage amount mentioned in section 6 (1) (a) or (b) ; or\nthe percentage amount mentioned in section 6 (1) (c) .\nWords and expressions used in chapter 4 of the Act have the same meaning in this regulation as they have in chapter 4 of the Act .\n(sec.3-ssec.1) In this regulation— control has the meaning given by section 50AA of the Corporations Act . notice requirement percentage , in relation to voting interests in a relevant entity held by a person, means— the lower percentage amount mentioned in section 6 (1) (a) or (b) ; or the percentage amount mentioned in section 6 (1) (c) .\n(sec.3-ssec.2) Words and expressions used in chapter 4 of the Act have the same meaning in this regulation as they have in chapter 4 of the Act .\n- (a) the lower percentage amount mentioned in section 6 (1) (a) or (b) ; or\n- (b) the percentage amount mentioned in section 6 (1) (c) .","sortOrder":3},{"sectionNumber":"pt.2","sectionType":"part","heading":"Interests in relevant entities","content":"# Interests in relevant entities","sortOrder":4},{"sectionNumber":"pt.2-div.1","sectionType":"division","heading":"Notice requirements— Act , s 27","content":"## Notice requirements— Act , s 27","sortOrder":5},{"sectionNumber":"sec.4","sectionType":"section","heading":"Application of division","content":"### sec.4 Application of division\n\nThis division prescribes notice requirements under section 27 of the Act in relation to voting interests in the following relevant entities—\nthe licensee or IR Holdco;\nany other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust;\nthe IR Holding Trust or IR Operating Trust.\n- (a) the licensee or IR Holdco;\n- (b) any other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust;\n- (c) the IR Holding Trust or IR Operating Trust.","sortOrder":6},{"sectionNumber":"sec.5","sectionType":"section","heading":"Provision for associates","content":"### sec.5 Provision for associates\n\nFor this division, the voting interests in a relevant entity held by a person include voting interests in the relevant entity on issue that are held by an associate of the person.\nHowever, persons are not associates of each other only because they are parties to an interestholder document within the meaning of the casino agreement.\nSee clause 1.1 of the casino agreement for the definition interestholder documents .\n(sec.5-ssec.1) For this division, the voting interests in a relevant entity held by a person include voting interests in the relevant entity on issue that are held by an associate of the person.\n(sec.5-ssec.2) However, persons are not associates of each other only because they are parties to an interestholder document within the meaning of the casino agreement. See clause 1.1 of the casino agreement for the definition interestholder documents .","sortOrder":7},{"sectionNumber":"sec.6","sectionType":"section","heading":"Notice requirement—holder of voting interests","content":"### sec.6 Notice requirement—holder of voting interests\n\nThis section applies if a person is aware the total number of voting interests in a relevant entity held by the person is—\nmore than 5% but not more than 10% of the total number of voting interests on issue; or\nmore than 10% but not more than 20% of the total number of voting interests on issue; or\nmore than 20% of the total number of voting interests on issue.\nThe person must, within the period mentioned in subsection (3) , give the relevant entity written notice in the approved form of the person’s voting interests in the entity.\nMaximum penalty—10 penalty units.\nFor subsection (2) , the period is 5 business days after the day the person first becomes aware that the total number of voting interests in the relevant entity held by the person exceeds the notice requirement percentage.\nIf the person holds voting interests in more than 1 relevant entity mentioned in section 4 , the person must comply with subsection (2) in relation to each of the entities.\nSee also division 2 in relation to exemptions from the requirement to comply with this provision.\n(sec.6-ssec.1) This section applies if a person is aware the total number of voting interests in a relevant entity held by the person is— more than 5% but not more than 10% of the total number of voting interests on issue; or more than 10% but not more than 20% of the total number of voting interests on issue; or more than 20% of the total number of voting interests on issue.\n(sec.6-ssec.2) The person must, within the period mentioned in subsection (3) , give the relevant entity written notice in the approved form of the person’s voting interests in the entity. Maximum penalty—10 penalty units.\n(sec.6-ssec.3) For subsection (2) , the period is 5 business days after the day the person first becomes aware that the total number of voting interests in the relevant entity held by the person exceeds the notice requirement percentage.\n(sec.6-ssec.4) If the person holds voting interests in more than 1 relevant entity mentioned in section 4 , the person must comply with subsection (2) in relation to each of the entities.\n- (a) more than 5% but not more than 10% of the total number of voting interests on issue; or\n- (b) more than 10% but not more than 20% of the total number of voting interests on issue; or\n- (c) more than 20% of the total number of voting interests on issue.","sortOrder":8},{"sectionNumber":"sec.7","sectionType":"section","heading":"Notice requirement—relevant entity","content":"### sec.7 Notice requirement—relevant entity\n\nThis section applies if a relevant entity is aware the total number of voting interests in the entity held by a person exceeds a notice requirement percentage.\nThe relevant entity must, within the period mentioned in subsection (3) , give the Minister written notice of that fact in the approved form.\nFor subsection (2) , the period is 10 business days after the earlier of the following events—\nthe relevant entity receives notice of the person’s voting interests in the entity under section 6 ;\nthe relevant entity otherwise becomes aware that the total number of voting interests in the entity held by the person exceeds the notice requirement percentage.\n(sec.7-ssec.1) This section applies if a relevant entity is aware the total number of voting interests in the entity held by a person exceeds a notice requirement percentage.\n(sec.7-ssec.2) The relevant entity must, within the period mentioned in subsection (3) , give the Minister written notice of that fact in the approved form.\n(sec.7-ssec.3) For subsection (2) , the period is 10 business days after the earlier of the following events— the relevant entity receives notice of the person’s voting interests in the entity under section 6 ; the relevant entity otherwise becomes aware that the total number of voting interests in the entity held by the person exceeds the notice requirement percentage.\n- (a) the relevant entity receives notice of the person’s voting interests in the entity under section 6 ;\n- (b) the relevant entity otherwise becomes aware that the total number of voting interests in the entity held by the person exceeds the notice requirement percentage.","sortOrder":9},{"sectionNumber":"pt.2-div.2","sectionType":"division","heading":"Exemptions— Act , s 29","content":"## Exemptions— Act , s 29","sortOrder":10},{"sectionNumber":"sec.8","sectionType":"section","heading":"Purpose of division","content":"### sec.8 Purpose of division\n\nThis division prescribes exemptions under section 29 of the Act .","sortOrder":11},{"sectionNumber":"sec.9","sectionType":"section","heading":"Exemption from requirements about voting power","content":"### sec.9 Exemption from requirements about voting power\n\nA person (an exempt person ) is exempt from the requirement to comply with section 20 or 23 of the Act (each the relevant section ) in relation to voting power in a relevant entity if—\nthe exempt person is a body corporate; and\nthe exempt person does not have a relevant interest in any voting interests in the relevant entity; and\nthe exempt person would, but for this section, be required to obtain the required approval under the relevant section only because the exempt person’s associate (a non-exempt person ) has a relevant interest in voting interests in the relevant entity; and\nthe non-exempt person—\nis a body corporate; and\nhas obtained the required approval under the relevant section; and\nthe non-exempt person is an associate of the exempt person only because the non-exempt person—\ncontrols the exempt person; or\nis controlled by another entity that controls the exempt person.\n- (a) the exempt person is a body corporate; and\n- (b) the exempt person does not have a relevant interest in any voting interests in the relevant entity; and\n- (c) the exempt person would, but for this section, be required to obtain the required approval under the relevant section only because the exempt person’s associate (a non-exempt person ) has a relevant interest in voting interests in the relevant entity; and\n- (d) the non-exempt person— (i) is a body corporate; and (ii) has obtained the required approval under the relevant section; and\n- (i) is a body corporate; and\n- (ii) has obtained the required approval under the relevant section; and\n- (e) the non-exempt person is an associate of the exempt person only because the non-exempt person— (i) controls the exempt person; or (ii) is controlled by another entity that controls the exempt person.\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.\n- (i) is a body corporate; and\n- (ii) has obtained the required approval under the relevant section; and\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.","sortOrder":12},{"sectionNumber":"sec.10","sectionType":"section","heading":"Exemption from requirements about non-voting interests","content":"### sec.10 Exemption from requirements about non-voting interests\n\nA person (an exempt person ) is exempt from the requirement to comply with section 21 of the Act in relation to non-voting interests in a relevant entity if—\nthe exempt person is a body corporate; and\nthe exempt person does not have a relevant interest in any non-voting interests in the relevant entity; and\nanother person (a non-exempt person ) who is an associate of the exempt person—\nis a body corporate; and\nhas a relevant interest in non-voting interests in the relevant entity; and\nhas obtained the required approval under section 21 of the Act ; and\nthe non-exempt person is an associate of the exempt person only because the non-exempt person—\ncontrols the exempt person; or\nis controlled by another entity that controls the exempt person.\n- (a) the exempt person is a body corporate; and\n- (b) the exempt person does not have a relevant interest in any non-voting interests in the relevant entity; and\n- (c) another person (a non-exempt person ) who is an associate of the exempt person— (i) is a body corporate; and (ii) has a relevant interest in non-voting interests in the relevant entity; and (iii) has obtained the required approval under section 21 of the Act ; and\n- (i) is a body corporate; and\n- (ii) has a relevant interest in non-voting interests in the relevant entity; and\n- (iii) has obtained the required approval under section 21 of the Act ; and\n- (d) the non-exempt person is an associate of the exempt person only because the non-exempt person— (i) controls the exempt person; or (ii) is controlled by another entity that controls the exempt person.\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.\n- (i) is a body corporate; and\n- (ii) has a relevant interest in non-voting interests in the relevant entity; and\n- (iii) has obtained the required approval under section 21 of the Act ; and\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.","sortOrder":13},{"sectionNumber":"sec.11","sectionType":"section","heading":"Exemption from requirements about convertible securities","content":"### sec.11 Exemption from requirements about convertible securities\n\nA person (an exempt person ) is exempt from the requirement to comply with section 22 of the Act in relation to convertible securities in a relevant entity if—\nthe exempt person is a body corporate; and\nthe exempt person does not have a relevant interest in any convertible securities in the relevant entity; and\nanother person (a non-exempt person ) who is an associate of the exempt person—\nis a body corporate; and\nhas a relevant interest in convertible securities in the relevant entity; and\nhas obtained the required approval under section 22 of the Act ; and\nthe non-exempt person is an associate of the exempt person only because the non-exempt person—\ncontrols the exempt person; or\nis controlled by another entity that controls the exempt person.\n- (a) the exempt person is a body corporate; and\n- (b) the exempt person does not have a relevant interest in any convertible securities in the relevant entity; and\n- (c) another person (a non-exempt person ) who is an associate of the exempt person— (i) is a body corporate; and (ii) has a relevant interest in convertible securities in the relevant entity; and (iii) has obtained the required approval under section 22 of the Act ; and\n- (i) is a body corporate; and\n- (ii) has a relevant interest in convertible securities in the relevant entity; and\n- (iii) has obtained the required approval under section 22 of the Act ; and\n- (d) the non-exempt person is an associate of the exempt person only because the non-exempt person— (i) controls the exempt person; or (ii) is controlled by another entity that controls the exempt person.\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.\n- (i) is a body corporate; and\n- (ii) has a relevant interest in convertible securities in the relevant entity; and\n- (iii) has obtained the required approval under section 22 of the Act ; and\n- (i) controls the exempt person; or\n- (ii) is controlled by another entity that controls the exempt person.","sortOrder":14},{"sectionNumber":"sec.12","sectionType":"section","heading":"Exemption from notice requirements—voting interests in licensee or IR Holdco etc.","content":"### sec.12 Exemption from notice requirements—voting interests in licensee or IR Holdco etc.\n\nThis section applies if a person—\nholds voting interests in a relevant entity mentioned in section 4 only because an associate of the person holds voting interests in the relevant entity; and\nis exempt, under section 9 , from the requirement to comply with section 20 of the Act in relation to the person’s voting power in the relevant entity.\nThe person is exempt from the requirement under section 6 to give notice in relation to the voting interests in the relevant entity held by the person.\nThe relevant entity is exempt from the requirement under section 7 to give notice in relation to the voting interests in the relevant entity held by the person.\n(sec.12-ssec.1) This section applies if a person— holds voting interests in a relevant entity mentioned in section 4 only because an associate of the person holds voting interests in the relevant entity; and is exempt, under section 9 , from the requirement to comply with section 20 of the Act in relation to the person’s voting power in the relevant entity.\n(sec.12-ssec.2) The person is exempt from the requirement under section 6 to give notice in relation to the voting interests in the relevant entity held by the person.\n(sec.12-ssec.3) The relevant entity is exempt from the requirement under section 7 to give notice in relation to the voting interests in the relevant entity held by the person.\n- (a) holds voting interests in a relevant entity mentioned in section 4 only because an associate of the person holds voting interests in the relevant entity; and\n- (b) is exempt, under section 9 , from the requirement to comply with section 20 of the Act in relation to the person’s voting power in the relevant entity.","sortOrder":15},{"sectionNumber":"sec.13","sectionType":"section","heading":"Exemption from notice requirements—voting power in other relevant entities","content":"### sec.13 Exemption from notice requirements—voting power in other relevant entities\n\nThis section applies if a person—\nholds voting power in a relevant entity, other than a relevant entity mentioned in section 4 , that is more than 10% but not more than 20%; and\nwould be exempt, under section 9 , from the requirement to comply with section 23 of the Act in relation to the person’s voting power in the relevant entity if the person’s voting power was more than 20%.\nThe person is exempt from the requirement under section 28 (1) of the Act to give notice of the person’s voting power in the relevant entity.\nThe relevant entity is exempt from the requirement under section 28 (2) of the Act to give notice of the person’s voting power in the relevant entity.\n(sec.13-ssec.1) This section applies if a person— holds voting power in a relevant entity, other than a relevant entity mentioned in section 4 , that is more than 10% but not more than 20%; and would be exempt, under section 9 , from the requirement to comply with section 23 of the Act in relation to the person’s voting power in the relevant entity if the person’s voting power was more than 20%.\n(sec.13-ssec.2) The person is exempt from the requirement under section 28 (1) of the Act to give notice of the person’s voting power in the relevant entity.\n(sec.13-ssec.3) The relevant entity is exempt from the requirement under section 28 (2) of the Act to give notice of the person’s voting power in the relevant entity.\n- (a) holds voting power in a relevant entity, other than a relevant entity mentioned in section 4 , that is more than 10% but not more than 20%; and\n- (b) would be exempt, under section 9 , from the requirement to comply with section 23 of the Act in relation to the person’s voting power in the relevant entity if the person’s voting power was more than 20%.","sortOrder":16}],"analysis":{"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The regulation applies the Act's Chapter 4 notice and exemption mechanics specifically to named project entities (the licensee, IR Holdco, trustees, IR Holding Trust and IR Operating Trust) and prescribes thresholds, timing and narrow corporate‑group exemptions. The text confines application to those relevant entities and relies on existing statutory definitions rather than expanding substantive coverage."},"complexity_factors":["Multiple cross‑references to other laws and instruments (Corporations Act s.50AA; chapter 4 definitions of the Act) increasing interpretive dependency (see sec.3).","Tiered notice thresholds and distinct timeframes for holders (5 business days) and entities notifying the Minister (10 business days) (see sec.6–7).","Exemptions hinge on corporate group structures and control/associate relationships, requiring factual control analysis (see secs.9–11, 12–13).","Different asset types covered (voting interests, non‑voting interests, convertible securities) with parallel but separate exemption tests (secs.9–11).","References to external definitions (casino agreement's ‘interestholder document’) create additional documentary dependency (see sec.5).","Penalty exposure for non‑compliance (maximum 10 penalty units for failure to notify) increases enforcement risk (see sec.6)."],"plain_english_summary":"This regulation sets out who must report shareholdings and when for entities linked to the Queen's Wharf Brisbane project. It requires anyone whose voting interest crosses specified thresholds (more than 5%, more than 10%, more than 20%) to notify the relevant entity within 5 business days; the entity must notify the Minister within 10 business days.\n\nIt creates narrow exemptions for corporate affiliates where an associate already obtained required approvals. Investors and the specified entities bear the compliance costs; the Minister receives the reports and gains oversight of ownership changes."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":4,"scope_assessment":{"changed":false,"description":"The regulation appears tightly scoped to its original purpose of implementing notification and exemption provisions for the Queen's Wharf Brisbane casino development. It does not appear to have expanded beyond the specific statutory framework established by the parent Act."},"complexity_factors":["Multiple cross-references to the parent Act (Queen's Wharf Brisbane Act) and the Corporations Act 2001 (Cth)","Nested conditional logic in exemption provisions (sections 9-13) requiring multiple cumulative conditions to be satisfied","Defined terms rely on external documents (casino agreement clause 1.1 for 'interestholder documents')","Complex corporate law concepts imported from Corporations Act (control, relevant interest, associates)","Tiered notification thresholds (5%/10%/20%) with different rules applying to different entity types","Exemptions that depend on hypothetical scenarios (section 13: 'would be exempt...if')"],"plain_english_summary":"This regulation sets out the rules for who must notify the Queensland Government about owning shares or interests in the Queen's Wharf Brisbane casino development.\n\n**What it does:**\n- **Requires disclosure** when someone acquires significant ownership stakes (more than 5%, 10%, or 20%) in the casino licensee, the holding company (IR Holdco), or related trusts.\n- **Sets deadlines:** Investors must notify the company within 5 business days; the company must then tell the Minister within 10 business days.\n- **Creates exemptions** for corporate groups where a parent company already has approval, so subsidiaries don't need to apply separately for approval or give duplicate notices.\n\n**Who it affects:**\n- Investors buying into the Queen's Wharf Brisbane casino project\n- The casino licensee and holding companies\n- Corporate groups with complex ownership structures\n\n**Why it matters:**\nCasinos are tightly regulated to prevent money laundering, criminal influence, and problem gambling. This ensures the government knows who controls or influences the casino operation. The exemptions prevent red tape where a parent company and its subsidiaries are effectively the same economic interest.\n\n**Key terms explained:**\n- **Voting interests:** Shares that give you a say in company decisions\n- **Relevant entity:** The specific companies and trusts involved in the casino project\n- **Associate:** Someone connected to you (like a business partner or controlled company) whose shares count as yours for disclosure purposes\n- **Convertible securities:** Financial instruments that can become shares later"},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"summary":{"complexity_score":7,"scope_assessment":{"changed":false,"description":"The regulation appears to stay within its intended scope: operationalising the ownership transparency and notification framework for the Queen's Wharf Brisbane casino development as contemplated by Chapter 4 of the parent Act. The exemption provisions, while detailed, are a predictable feature of corporate casino ownership regulation and do not appear to expand or narrow the regulation's original purpose."},"complexity_factors":["Requires cross-referencing multiple external instruments: the parent Act (Queen's Wharf Brisbane Act), the Corporations Act (for the definition of 'control'), and the casino agreement (for 'interestholder documents')","Layered corporate structure concepts: voting interests, non-voting interests, convertible securities, associates, control relationships between parent/subsidiary entities","Multiple tiered percentage thresholds (5%, 10%, 20%) with different legal consequences at each level","Dual notification obligations flowing in two directions — from investor to entity, then entity to Minister — with different time limits for each","Exemption provisions that depend on meeting multiple cumulative conditions simultaneously, including hypothetical conditions ('would be exempt if...')","Requires understanding of specialised trust structures (IR Holding Trust, IR Operating Trust) that are specific to this casino development","Associate provisions with carve-outs require careful analysis of the casino agreement's own definitions","Interplay between this regulation and multiple sections of the parent Act (ss.20, 21, 22, 23, 27, 28, 29)"],"plain_english_summary":"The regulation requires investors and corporate groups acquiring voting stakes in Queen’s Wharf Brisbane casino-related entities to notify the relevant entity within 5 business days when crossing 5%, 10% or 20% thresholds (breach attracts up to 10 penalty units). Receiving entities must tell the Queensland Minister within 10 business days. Limited exemptions apply for certain intra-group holdings and previously approved parent companies, so government oversight of who controls the resort is maintained without duplicative filings."}},"importantCases":[],"_links":{"self":"/api/acts/queen-s-wharf-brisbane-regulation-2016","history":"/api/acts/queen-s-wharf-brisbane-regulation-2016/history","analysis":"/api/acts/queen-s-wharf-brisbane-regulation-2016/analysis","conflicts":"/api/acts/queen-s-wharf-brisbane-regulation-2016/conflicts","importantCases":"/api/acts/queen-s-wharf-brisbane-regulation-2016/important-cases","documents":"/api/acts/queen-s-wharf-brisbane-regulation-2016/documents"}}