sec.20Voting power

### sec.20 Voting power This section applies to a person’s voting power in any of the following relevant entities— the licensee or IR Holdco; any other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust; the IR Holding Trust or IR Operating Trust. The person’s voting power in the relevant entity must not, without the required approval, be— more than 5% but not more than 10%; or more than 10% but not more than 20%; or more than 20%. The required approval must be given by— for subsection (2) (a) —the Minister; or for subsection (2) (b) or (c) —the Governor in Council. If a person has voting power in more than 1 relevant entity mentioned in subsection (1) , the person must comply with subsection (2) in relation to each of the entities. (sec.20-ssec.1) This section applies to a person’s voting power in any of the following relevant entities— the licensee or IR Holdco; any other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust; the IR Holding Trust or IR Operating Trust. (sec.20-ssec.2) The person’s voting power in the relevant entity must not, without the required approval, be— more than 5% but not more than 10%; or more than 10% but not more than 20%; or more than 20%. (sec.20-ssec.3) The required approval must be given by— for subsection (2) (a) —the Minister; or for subsection (2) (b) or (c) —the Governor in Council. (sec.20-ssec.4) If a person has voting power in more than 1 relevant entity mentioned in subsection (1) , the person must comply with subsection (2) in relation to each of the entities. - (a) the licensee or IR Holdco; - (b) any other relevant entity that is a trustee of the IR Holding Trust or IR Operating Trust; - (c) the IR Holding Trust or IR Operating Trust. - (a) more than 5% but not more than 10%; or - (b) more than 10% but not more than 20%; or - (c) more than 20%. - (a) for subsection (2) (a) —the Minister; or - (b) for subsection (2) (b) or (c) —the Governor in Council.