50AMinister may require Company to furnish certain shareholding information

50A Minister may require Company to furnish certain shareholding information

50A Minister may require Company to furnish certain shareholding information

(1) The Minister may at any time require the Company to furnish the Minister with such information contained in its Share Register or concerning shareholdings in it as may be required by the Minister.

(2) The requirement must:

(a) be in writing, and

(b) be served on the Company, and

(c) specify the manner in which and the time within which the information is to be furnished.

(3) The Company must comply with any requirement under this section.

Maximum penalty (subsection (3)): 500 penalty units.

(4) It is a defence to a prosecution for an offence under subsection (3) if the Company satisfies the court that it was not within the Company’s power to comply with the requirement.

s 50A: Ins 2002 No 16, Sch 1 [8].