Co-operatives National Law (Queensland)
sch.2-sec.7Matters not affecting application of Part
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sch.2-sec.7 Matters not affecting application of Part
It is immaterial for the purposes of this Part whether or not power to vote in relation to a right to vote, or power to dispose of a share— is express or implied or formal or informal; or is exercisable by a person alone or jointly with another person or persons; or cannot be related to a particular share; or is, or can be made, subject to restraint or restriction. A relevant interest in a share or right to vote is not to be disregarded merely because of either or both of the following— its remoteness; how it arose. (sch.2-sec.7-ssec.1) It is immaterial for the purposes of this Part whether or not power to vote in relation to a right to vote, or power to dispose of a share— is express or implied or formal or informal; or is exercisable by a person alone or jointly with another person or persons; or cannot be related to a particular share; or is, or can be made, subject to restraint or restriction. (sch.2-sec.7-ssec.2) A relevant interest in a share or right to vote is not to be disregarded merely because of either or both of the following— its remoteness; how it arose.
- (a) is express or implied or formal or informal; or
- (b) is exercisable by a person alone or jointly with another person or persons; or
- (c) cannot be related to a particular share; or
- (d) is, or can be made, subject to restraint or restriction.
- (a) its remoteness;
- (b) how it arose.