QLDIn ForceRegulation
Queen's Wharf Brisbane Regulation 2016
sec.6Notice requirement—holder of voting interests
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### sec.6 Notice requirement—holder of voting interests
This section applies if a person is aware the total number of voting interests in a relevant entity held by the person is—
more than 5% but not more than 10% of the total number of voting interests on issue; or
more than 10% but not more than 20% of the total number of voting interests on issue; or
more than 20% of the total number of voting interests on issue.
The person must, within the period mentioned in subsection (3) , give the relevant entity written notice in the approved form of the person’s voting interests in the entity.
Maximum penalty—10 penalty units.
For subsection (2) , the period is 5 business days after the day the person first becomes aware that the total number of voting interests in the relevant entity held by the person exceeds the notice requirement percentage.
If the person holds voting interests in more than 1 relevant entity mentioned in section 4 , the person must comply with subsection (2) in relation to each of the entities.
See also division 2 in relation to exemptions from the requirement to comply with this provision.
(sec.6-ssec.1) This section applies if a person is aware the total number of voting interests in a relevant entity held by the person is— more than 5% but not more than 10% of the total number of voting interests on issue; or more than 10% but not more than 20% of the total number of voting interests on issue; or more than 20% of the total number of voting interests on issue.
(sec.6-ssec.2) The person must, within the period mentioned in subsection (3) , give the relevant entity written notice in the approved form of the person’s voting interests in the entity. Maximum penalty—10 penalty units.
(sec.6-ssec.3) For subsection (2) , the period is 5 business days after the day the person first becomes aware that the total number of voting interests in the relevant entity held by the person exceeds the notice requirement percentage.
(sec.6-ssec.4) If the person holds voting interests in more than 1 relevant entity mentioned in section 4 , the person must comply with subsection (2) in relation to each of the entities.
- (a) more than 5% but not more than 10% of the total number of voting interests on issue; or
- (b) more than 10% but not more than 20% of the total number of voting interests on issue; or
- (c) more than 20% of the total number of voting interests on issue.