QLDIn ForceRegulation
Queen's Wharf Brisbane Regulation 2016
sec.9Exemption from requirements about voting power
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### sec.9 Exemption from requirements about voting power
A person (an exempt person ) is exempt from the requirement to comply with section 20 or 23 of the Act (each the relevant section ) in relation to voting power in a relevant entity if—
the exempt person is a body corporate; and
the exempt person does not have a relevant interest in any voting interests in the relevant entity; and
the exempt person would, but for this section, be required to obtain the required approval under the relevant section only because the exempt person’s associate (a non-exempt person ) has a relevant interest in voting interests in the relevant entity; and
the non-exempt person—
is a body corporate; and
has obtained the required approval under the relevant section; and
the non-exempt person is an associate of the exempt person only because the non-exempt person—
controls the exempt person; or
is controlled by another entity that controls the exempt person.
- (a) the exempt person is a body corporate; and
- (b) the exempt person does not have a relevant interest in any voting interests in the relevant entity; and
- (c) the exempt person would, but for this section, be required to obtain the required approval under the relevant section only because the exempt person’s associate (a non-exempt person ) has a relevant interest in voting interests in the relevant entity; and
- (d) the non-exempt person— (i) is a body corporate; and (ii) has obtained the required approval under the relevant section; and
- (i) is a body corporate; and
- (ii) has obtained the required approval under the relevant section; and
- (e) the non-exempt person is an associate of the exempt person only because the non-exempt person— (i) controls the exempt person; or (ii) is controlled by another entity that controls the exempt person.
- (i) controls the exempt person; or
- (ii) is controlled by another entity that controls the exempt person.
- (i) is a body corporate; and
- (ii) has obtained the required approval under the relevant section; and
- (i) controls the exempt person; or
- (ii) is controlled by another entity that controls the exempt person.