129Entitlement to voting shares arising from capital reduction or rights alteration

129 Entitlement to voting shares arising from capital reduction or rights alteration

129 Entitlement to voting shares arising from capital reduction or rights alteration

(1) If—

(a) a person becomes entitled to at least 50% of the voting shares of a company by means of capital reduction or rights alteration, or both, or

(b) a person who is entitled to at least 50% of the voting shares of a company becomes entitled to at least 10% more of the voting shares over a period of not more than 12 months by means of capital reduction or rights alteration, or both,

the person must lodge a statement with the Chief Commissioner in respect of the entitlement.

(2) The statement must be lodged within 3 months after the entitlement arises.