QLDIn ForceAct
Queen’s Wharf Brisbane Act 2016
sec.28Notice requirements relating to other relevant entities
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### sec.28 Notice requirements relating to other relevant entities
If a person’s voting power in a relevant entity other than a relevant entity mentioned in section 27 (2) is more than 10% but not more than 20%, the person must give the relevant entity written notice, in the approved form, within 5 business days after the person’s voting power first exceeds 10%.
Maximum penalty—40 penalty units.
If the relevant entity is aware the person’s voting power is more than 10%, the relevant entity must, within the period mentioned in subsection (3) , give the Minister written notice of that fact in the approved form.
Maximum penalty—40 penalty units.
For subsection (2) , the period is 10 business days after the earlier of the following events—
the relevant entity receives notice of the person’s voting power under subsection (1) ;
the relevant entity otherwise becomes aware the person’s voting power is more than 10%.
(sec.28-ssec.1) If a person’s voting power in a relevant entity other than a relevant entity mentioned in section 27 (2) is more than 10% but not more than 20%, the person must give the relevant entity written notice, in the approved form, within 5 business days after the person’s voting power first exceeds 10%. Maximum penalty—40 penalty units.
(sec.28-ssec.2) If the relevant entity is aware the person’s voting power is more than 10%, the relevant entity must, within the period mentioned in subsection (3) , give the Minister written notice of that fact in the approved form. Maximum penalty—40 penalty units.
(sec.28-ssec.3) For subsection (2) , the period is 10 business days after the earlier of the following events— the relevant entity receives notice of the person’s voting power under subsection (1) ; the relevant entity otherwise becomes aware the person’s voting power is more than 10%.
- (a) the relevant entity receives notice of the person’s voting power under subsection (1) ;
- (b) the relevant entity otherwise becomes aware the person’s voting power is more than 10%.