QLDIn ForceAct
Co-operatives National Law (Queensland)
sch.2-sec.9Exclusions—money-lenders
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sch.2-sec.9 Exclusions—money-lenders
A relevant interest of a person in a share or right to vote is to be disregarded if— the person’s ordinary business includes lending money; and the person has authority to exercise powers as the holder of the relevant interest only because of a security given for a transaction entered into in the ordinary course of business in connection with lending money, other than a transaction entered into with an associate of the person.
- (a) the person’s ordinary business includes lending money; and
- (b) the person has authority to exercise powers as the holder of the relevant interest only because of a security given for a transaction entered into in the ordinary course of business in connection with lending money, other than a transaction entered into with an associate of the person.