QLDIn ForceAct
Co-operatives National Law (Queensland)
sch.2-sec.11Exclusions—instructions to securities dealer to dispose of share
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sch.2-sec.11 Exclusions—instructions to securities dealer to dispose of share
A relevant interest of a person in a share or right to vote is to be disregarded if— the person’s ordinary business includes dealing in securities; and the person has authority to exercise powers as the holder of the relevant interest only because of instructions given to the person, by or on behalf of another person, to dispose of the share on the other person’s behalf in the ordinary course of the business.
- (a) the person’s ordinary business includes dealing in securities; and
- (b) the person has authority to exercise powers as the holder of the relevant interest only because of instructions given to the person, by or on behalf of another person, to dispose of the share on the other person’s behalf in the ordinary course of the business.