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Australian Mutual Provident Society (Demutualisation and Reconstruction) Act 1997
19Limit on entitlement to NHL shares
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#### 19 Limit on entitlement to NHL shares
19 Limit on entitlement to NHL shares
> > (1) Except as provided in this Part, a person must not acquire shares in NHL during the restriction period if any person who—
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> > > (a) is not entitled to any shares in NHL, or
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> > > (b) is entitled to less than 5% of the shares in NHL,
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> > would, immediately after the acquisition, be entitled to 5% or more of the shares in NHL.
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> > (2) Except as provided in this Part, a person who is entitled at any time during the restriction period to 5% or more of the shares in NHL must immediately cause that entitlement to be reduced to less than 5%.
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> > (3) For the purposes of this Part, while a person is entitled, at any time during the restriction period, to 5% or more of the shares in NHL, each share to which the person is entitled is a default share.